Forager Capital Management, one of the largest shareholders of Quipt Home Medical (QIPT), with beneficial ownership of 9.7%, announced it has submitted a proposal to acquire all outstanding shares of Quipt for $3.10 per share in cash. The Acquisition Proposal is not subject to any due diligence or financing conditions and is capable of being executed immediately. The offer represents a 120% premium to Quipt’s unaffected share price of $1.41 at close on May 19, 2025, the trading day prior to Forager’s prior proposal being made public. In addition to reaffirming its commitment to the Acquisition Proposal, Forager is prepared to improve its offer if the Board engages in constructive discussions.
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