Quipt to sell $35M in shares
By HME News Staff
Updated 9:45 AM CDT, Tue April 18, 2023
CINCINNATI – Quipt Home Medical Corp. has entered into an agreement with Beacon Securities Limited and Canaccord Genuity Corp. on behalf of a syndicate of underwriters in a public offering. The underwriters have agreed to purchase, on a bought deal basis pursuant to the filing of a prospectus supplement, an aggregate of 4,460,000 common shares in the capital of the company at a price of $7.85 per share for a total of $35,011,000. Concurrent with the public offering, the company and the underwriters also intend to complete a brokered private placement of common shares at the issue price for gross proceeds of approximately $2 million in the Province of Québec. Quipt will use the proceeds for debt repayment, potential future acquisitions, working capital and general corporate purposes. The offering is expected to close on or about April 25, 2023, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.
Comments