Rapiscan Holdings, Inc. entered into a definitive agreement to acquire Certain Assets of VOTI Detection Inc. on December 22, 2022. The closing of the acquisition is subject to certain standard conditions and is expected to take place on or about December 22, 2022. The Sale Proposal is subject to the issuance by the Superior Court of Quebec of a final and executory approval and vesting order at OSI's entire satisfaction.

As per filling on December 23, 2022, Superior Court of Quebec approved the deal. Osler, Hoskin & Harcourt LLP acted as legal and Derek Lithwick of Stifel GMP acted as financial advisor to VOTI.