IOU Financial (OTCMKTS: IOUFF), a specialty finance lendtech that provides quick and easy access to growth capital to small businesses through a network of preferred brokers across the US and Canada, announced it has signed a statutory plan of arrangement with 9041-9326 Quebec Inc, a company formed by a consortium of investment funds managed by Neuberger Berman, Palos Wealth, and Fintech Ventures Fund, for a take-private acquisition at $.17 a share in an all cash transaction.

Neuberger Berman, Palos Capital and Fintech Ventures to Acquire IOU at C$0.22 per Share in an All-Cash Transaction