Optiva is in discussions with its noteholders and third parties for a potential transaction involving the exchange of notes for shares and new notes of a merged third party. The company will continue normal operations and has a 45-day grace period to reach an agreement. Optiva has enough liquidity to meet financial commitments. Shareholders are expected to receive nominal consideration in the transaction. Approval from security holders, court, and regulatory bodies will be required for any potential transaction. Optiva is a leading provider of cloud-native revenue management software for telecom companies.

Read more at GlobeNewswire: Optiva Inc. enters into Support Agreement with Holders of