QANTM Shareholders Favor Acquisition Scheme Terms

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

QANTM Intellectual Property Ltd. has announced the indicative outcomes of its shareholder elections for mixed consideration following its acquisition scheme by Fox BidCo Pty Ltd, owned by Adamantem Capital. With the election period concluded, preliminary results indicate that no scaleback arrangements are expected as the elections for mixed consideration are below the threshold. Shareholders who did not make a valid election or who are ineligible will receive cash consideration upon the scheme’s effectiveness.

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