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Photo: Investing.com

Sangoma Stock Jumps 35% After BRC Group Takeover Deal

SEC / Sangoma Technologies and BRC Group2 min read6 sources

Why is Sangoma stock up today?

Sangoma Technologies (SANG) stock jumped 35% on Tuesday from Monday's $3.59 close after BRC Group (RILY) agreed to buy it for $5.225 a share in cash and stock.

Key numbers

Offer per share$5.225$4.925 cash + 0.04767 BRC shares
Premium to TSX close47%51% vs 10-day average
Deal value (incl. debt)$204MC$289M
SANG Monday close$3.59+0.84% before the deal news
FY2026 revenue$200.1M-15% vs $236.7M a year earlier
Break fee$5.4Mpayable in certain cases

What happened

Sangoma Technologies (SANG) stock jumped 35% on Tuesday from Monday's $3.59 close after BRC Group (RILY) agreed to buy it for $5.225 a share in cash and stock. Each share gets $4.925 in cash plus 0.04767 BRC shares, a 47% premium to Sangoma's Toronto closing price. The deal values Sangoma at about $204 million including its debt. Shares had risen as much as 44% in after-hours trading on Monday. There is no financing condition, and the deal is expected to close by early 2027.

Why it matters

Sangoma Technologies (SANG), a small company that sells business phone and communications software, now has a clear price for its shareholders. A buyer is paying well above where the stock traded, at about 3.75 times the company's yearly operating earnings (EBITDA), per. Because part of the price is BRC stock, the deal's value can move if RILY shares move before closing.

Who this affects

Marketneutral
Low impact
Small deal; little effect beyond the two stocks involved.
Companybullish
High impact
Sangoma shareholders get a sizable premium and mostly cash.
Competitorsneutral
Low impact
8x8 and RingCentral face a bigger, better-funded rival.
Industrymixed
Low impact
Small communications firms may draw more buyers; integration risk remains.

Sangoma vs BRC Group, 8x8, RingCentral

SangomaSANG$119M+35%—
BRC GroupRILY—-3.7% (Mon)—
8x8EGHT———
RingCentralRNG———

As of 2026-09-29

How we got here

  1. Sangoma and BRC announce agreement; Sangoma closes at $3.59 on Nasdaq.

  2. Sangoma shares surge about 44% in after-hours trading.

  3. Sangoma shares trade about 35% higher; RILY gains in after-hours trading.

What to watch

  • Sangoma shareholder vote needing two-thirds approval, plus court and regulatory approvals.Early 2027
  • RILY share price, since 0.04767 BRC shares are part of each Sangoma share's payout.Q4 2026

Educational content only. Not investment advice.

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