The software firm has formed a special committee to evaluate potential strategic alternatives, including a possible sale or partnership.
Kneat.com Inc. (KSI:CA) announced its board has established a special committee to review strategic alternatives for the company. The move follows recent market speculation about a potential strategic review.
CIBC Capital Markets has been retained as a financial advisor to assist the committee. The company did not disclose specific alternatives under consideration but indicated the process aims to enhance shareholder value.
Shares of Kneat.com rose 5.2% following the announcement, reflecting investor interest in potential outcomes of the review.