QANTM Endorses Acquisition Offer; Shareholders to Vote

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

QANTM Intellectual Property Limited has confirmed the registration of its Scheme Booklet with ASIC, detailing the acquisition proposal by Adamantem Capital Management’s entity, Fox BidCo Pty Ltd. Shareholders are set to receive $1.817 per share, with the option to elect a cash and unlisted scrip alternative, ahead of a shareholder meeting scheduled for 31 July 2024 to vote on the arrangement. The Independent Expert has endorsed the Scheme as fair and reasonable, advising shareholders to vote in favor in the absence of a superior proposal.

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