Sangoma Technologies (SANG) shares rose 38.59% to $4.92 during regular trading after the company announced a definitive agreement to be acquired by BRC Group Holdings, Inc., giving shareholders a premium to the prior close of $3.55.
What happened
Sangoma Technologies Corporation announced on September 28, 2026, via Business Wire that it had entered into a definitive agreement to be acquired by BRC Group Holdings, Inc. The deal, announced after market close at 21:48 ET, covered Sangoma's full portfolio of voice and data connectivity software products. PR Newswire simultaneously reported that BRC Group Holdings sought to acquire Sangoma to scale its communications portfolio.
Why the stock moved
The acquisition announcement on Business Wire gave Sangoma investors an immediate premium. When a company agrees to be acquired at a per-share price above the current trading level, shareholders typically see an immediate gain toward that deal price. The 38.59% jump brought SANG from $3.55 to $4.92, suggesting the market priced in a substantial portion of the acquisition premium during regular trading on September 29.
The numbers
Sangoma Technologies finished the session at $4.92 per share, up 38.59% from the prior close of $3.55. The stock traded 447,604 shares during the regular session, compared to the 30-day average volume of approximately 7,057 shares per day according to short interest data. The company has a market capitalization of approximately $163.73 million with 33.3 million shares outstanding and a float of 25.5 million shares.
Sangoma also released its fourth quarter fiscal 2026 results on September 28, 2026, the same day as the acquisition announcement.
What to watch
Investors should monitor for the official per-share acquisition price once the definitive agreement terms are disclosed in an SEC filing. The deal remains subject to standard regulatory and shareholder approvals, which typically take several months to complete. Until the transaction closes, the spread between the current trading price and the final deal price will reflect market expectations for deal completion. Sangoma's fourth quarter fiscal 2026 financial results, released simultaneously with the acquisition news, may provide additional context on the company's financial position heading into the transaction.