Quipt raises $40.2M
By HME News Staff
Updated 8:16 AM CDT, Fri April 28, 2023
CINCINNATI – Quipt Home Medical has closed its previously announced bought deal public offering of common shares. The company issued a total of 5,129,000 common shares at an issue price of $7.85 per share for aggregate gross proceeds of $40,262,650. Concurrent with the closing of the offering, the underwriters also completed a brokered private placement, on a commercially reasonable best-efforts basis of 280,000 common shares at the issue price, for aggregate gross proceeds of $2,198,000 for aggregate gross proceeds of $42,460,650. Quipt will use the proceeds for repayment of debt, future acquisitions, working capital and general corporate purposes. The offering was conducted through a syndicate of underwriters led by Beacon Securities Limited and Canaccord Genuity Corp., on behalf of a syndicate of underwriters, including Echelon Wealth Partners Inc., Raymond James Ltd., Stifel GMP, Eight Capital and Leede Jones Gable Inc.
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