I think you are largely correct about this being a liquidity event vs series A funding; They are likely not looking at massive employee growth or marketing camp

I think you are largely correct about this being a liquidity event vs series A funding; They are likely not looking at massive employee growth or marketing campaign as much as a way to unlock equity without going public. This is good for users as it likely mean not huge changes to appease corporate overlords, but continues the sad story of limited young, profitable, small-cap Canadian tech companies available for outsider, passive investment. There are quite a few in the category of 10-15 years old, solid revenues/profit and founders that are ready to step back; most choose private equity or sovereign wealth funds investments in the 100M - 1B range over going public because of the hassle and reporting requirements. The average individual investor doesn't have access to these deals which is a shame because they tend to be established, profitable return generators. I don't blame the founders; I'd likely do the same route.