MISSISSAUGA, Ontario--(BUSINESS WIRE)-- VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces the conclusion of the Company’s strategic review process (the “Strategic Review”). The Strategic Review was first announced on February 3, 2025, and was overseen by a special committee (the “Special Committee”) of the board of directors of the Company (the “Board”) with assistance from legal and financial advisors.

During the Strategic Review, VIQ Solutions carefully assessed a number of transaction proposals and strategic alternatives. After a thorough evaluation, the Special Committee concluded that the best path to maximizing shareholder value is to continue executing the Company’s existing business plan as a public company. This decision was supported by the momentum gained in 2024 and the expectation of continued technology-driven operational and financial improvements in 2025.

Looking ahead, VIQ Solutions will remain focused on enhancing operational efficiencies, expanding margins through an automation-first strategy, and maintaining disciplined cost management while scaling its global technology platform. With a strong foundation for sustainable growth and long-term value creation, the Company appreciates the continued support of its shareholders as it advances its strategic initiatives.

Following the conclusion of the Strategic Review, David Sharma, a director of the Company, and the sole member of the Special Committee, resigned from the Board effective March 20^th, 2025. Mr. Sharma joined the Board in September 2024 and has been a valued member of the Board, particularly in connection with his contributions as a member of the Special Committee.

For more information about VIQ, please visit viqsolutions.com.

About VIQ Solutions

VIQ Solutions is a global provider of secure, AI-driven, digital voice and video capture technology and transcription services. VIQ offers a seamless, comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured, and repurposed into actionable information. The cyber-secure, AI technology and services platform are implemented in the most rigid security environments including criminal justice, legal, insurance, government, corporate finance, media, and transcription service provider markets, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights and to achieve digital transformation faster and at a lower cost.

Forward-looking Statements

Certain statements included in this press release constitute forward-looking statements or forward-looking information (collectively, “forward-looking statements”) under applicable securities legislation. Such forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes.

Forward-looking statements (typically contain statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project” or similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur). These statements are only predictions. Forward-looking statements in this press release include but are not limited to statements with respect to the Company’s strategic review process and the potential outcome thereof; and the Company’s current and future growth prospects.

Forward-looking statements are based on several factors and assumptions which have been used to develop such statements, but which may prove to be incorrect. Although VIQ believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because VIQ can give no assurance that such expectations will prove to be correct.

Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that while considered reasonable by the Company as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including but not limited to the factors described in greater detail in the “Risk Factors” section of the Company’s annual information form and in the Company’s other materials filed on SEDAR+ at www.sedarplus.ca.

These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Such estimates and assumptions may prove to be incorrect or overstated. The forward-looking statements contained in this press release are made as of the date of this press release and the Company expressly disclaims any obligations to update or alter such statements, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

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