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CINCINNATI, April 17, 2023 /CNW/ - Quipt Home Medical Corp. ("Quipt" or the "Company") (NASDAQ:QIPT) (TSXV:QIPT.VN), a U.S. based home medical equipment provider focused on end-to-end respiratory care‎, is pleased to announce that it has entered into an agreement with Beacon Securities Limited and Canaccord Genuity Corp. (the "Co-Lead Underwriters") on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the "Underwriters"). The Underwriters have agreed to purchase, on a bought deal basis pursuant to the filing of a prospectus supplement, an aggregate of 4,460,000 common shares (the "Common Shares") in the capital of the Company at a price of $7.85 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of $35,011,000 (the "Public Offering"). Concurrent with the Public Offering, the Company and the Underwriters also intend to complete a brokered private placement of Common Shares at the Issue Price for gross proceeds of approximately $2,000,000 in the Province of Québec on a commercially reasonably best efforts basis (the "‎Private Placement" and together with the Public Offering, the "Offering").
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