The software company won about 87% support at a special meeting and will seek a final court order on Aug. 4 before closing shortly thereafter, if conditions are met.
Kneat shareholders approved the company’s previously announced plan of arrangement to be acquired by an affiliate of Thoma Bravo, L.P., marking a key step toward closing the transaction. The special resolution passed at a special meeting on July 30 with approximately 87% of votes cast in favor, while 84% of votes cast on a disinterested basis also backed the deal under Multilateral Instrument 61-101 minority protection rules. The transaction still requires a final order from the Ontario Superior Court of Justice (Commercial List), with a hearing scheduled for Aug. 4, 2026. Assuming court approval is obtained and the remaining customary closing conditions are satisfied or waived, Kneat said the deal is expected to close shortly thereafter. Kneat develops the Kneat Gx digital validation platform used by companies in highly regulated industries to manage validation and compliance processes.