Quipt announces proceeds of $17.5M

CINCINNATI – Quipt Home Medical has announced that, as a result of the exercise of common share purchase warrants at CAD$6.40 per share, originally issued in June 2020, the company has issued an aggregate of 3,389,825 common shares in consideration for $17.5 million. “We believe that the warrant exercises are indicative of overwhelming support from our shareholders for the future of Quipt and our vision for growing into a national DME provider focused on superior patient care,” said Greg Crawford, chairman and CEO. “We have the strongest balance sheet in the history of our company and look forward to executing on our robust acquisition plans for the remainder of the year.” All common shares, other than 960,000, have been issued since April 1, 20201. The company now has about 33,102,529 shares issued and outstanding.