QANTM Acquisition Finalized, Shares Suspended

Qantm Intellectual Property Ltd. (AU:QIP) has released an update.

QANTM Intellectual Property Ltd has announced the legal completion of its acquisition by Adamantem Capital Management’s entity, Fox BidCo Pty Ltd, through a scheme of arrangement, resulting in the suspension of QANTM’s shares from trading on the ASX. The company will also pay a special dividend of $0.071 per share before finalizing the acquisition, with shareholders set to receive either cash or a combination of cash and Class B shares in HoldCo as consideration for their QANTM shares.

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