$SANG

BRC Group Holdings will acquire Sangoma Technologies for $204M. Sangoma, with 100K+ business customers, offers cloud-based and hybrid communications solutions. The deal, approved by both companies' boards, is expected to close by early 2027 and will expand BRC's communications portfolio.

BRC Group Holdings (RILY) agreed to acquire Sangoma Technologies in a cash-and-stock deal, with Sangoma shareholders receiving $4.925 and 0.04767 BRC shares per share. The deal, expected to close in January 2027, is supported by $212.3M in financing and consents from Oaktree. BRC also secured voting commitments from Sangoma insiders holding 27% of shares.

BRC Group Holdings, Inc. (RILY) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 BRC Group Holdings, Inc. Agrees to Acquire Sangoma Technologies Corporation to Scale Communications Portfolio ☐ Transaction values Sangoma at an enterprise value of approximately $204 million (C$289 million) ☐ On a combined basis, BRC communications businesses and Sa

Sangoma Technologies (SANG) shares surged 39.28% after BRC Group proposed a $204M takeover at $5.225 per share, a 47-51% premium. SANG's revenue is $236.7M with a 71.2% gross margin, but negative net margins. The deal is subject to regulatory approvals and shareholder votes, shifting SANG into a merger-arbitrage play.

BRC Group (RILY) agreed to acquire Sangoma Technologies (STC.TO, SANG) for $204 million, payable in cash and shares. The deal, expected to close by early 2027, requires shareholder, court, and regulatory approvals. Sangoma shareholders will receive $4.925 in cash and 0.04767 BRC shares per Sangoma share. The transaction will be funded through a $215 million loan and equity contribution. Combined, the businesses generated $441 million in trailing-12-month revenue as of June 2026.

Sangoma Technologies (NASDAQ:SANG) shares rose 44% after hours on news of its acquisition by BRC Group Holdings (NASDAQ:RILY) for $204M. Shareholders will receive $4.925 in cash and 0.04767 BRC shares per Sangoma share, a 47% premium. The deal requires shareholder, court, and regulatory approvals and is expected to close by early 2027.

Sangoma Technologies reported Q4 2026 revenue of $49.8M, up 0.21% QoQ but down 4% YoY excluding VoIP Supply. Gross profit was $32.3M (65% margin), impacted by a $3M inventory write-down. Net loss was $72.5M, including a $68.4M goodwill impairment charge. The company also announced a definitive agreement to be acquired, subject to closing conditions. Sangoma corrected prior period revenue due to an ERP system error, with no cash flow impact.

Sangoma Technologies (TSX: STC, Nasdaq: SANG) announced it will release its Q4 fiscal 2026 results on September 28, 2026, after market close. The company will host a conference call at 5:30 PM ET to discuss the results. Sangoma offers cloud, hybrid, and on-premises communications solutions.

Sangoma (TSX: STC, Nasdaq: SANG) partnered with Jazzware to integrate hospitality communications solutions. The collaboration aims to improve hotel operations and guest experience by connecting Sangoma's UC for Hospitality with Jazzware's PMS. Key features include real-time synchronization, automated billing, and emergency services support. The partnership expands Sangoma's reach in North America and enhances Jazzware's platform connectivity.

Sangoma Technologies said CFO Larry Stock will retire effective June 30, 2026, after nearly six years, and will stay available for a one-year advisory role. From July 1, 2026, Adrian Back, currently Senior VP Finance, will become interim CFO. The board has started a search for a permanent successor, using internal and external candidates.