Quipt Property Clinical Commences Trading on Consolidated Foundation
5 min readCINCINNATI, May perhaps 13, 2021 (World NEWSWIRE) — Quipt Residence Professional medical Corp. (“Quipt” or the “Corporation”) (TSXV:QIPT OTCQX:PTQQD), a U.S. centered leader in the house clinical tools sector, concentrated on finish-to-conclude respiratory treatment, is pleased to announce that that more to its press launch dated May 11, 2021, powerful May well 13, 2021, all of its issued and excellent common shares (“Widespread Shares”) commenced investing on the TSX Venture Exchange (“TSXV“) on a publish-consolidation foundation and underneath its new name and new TSXV symbol (QIPT).
On Could 11, 2021, the Company introduced that the Frequent Shares would be consolidated on the basis of a person (1) submit-consolidation Prevalent Share for each 4 (4) pre-consolidation Typical Shares (the “Share Consolidation”). The Share Consolidation represents yet another move toward the proposed listing of the Popular Shares on The Nasdaq Money Current market (“Nasdaq”) by assembly the bare minimum share price tag requirement set by Nasdaq for an first listing of shares.
The Share Consolidation has reduced the variety of existing Popular Shares from 122,575,285 Popular Shares to 30,643,823 Frequent Shares. A letter of transmittal was despatched by mail to registered shareholders advising that the Share Consolidation has taken result. The letter of transmittal contains instructions on how registered shareholders can exchange their share certificates or Direct Registration Process (“DRS”) statements evidencing their pre-consolidation Frequent Shares for new share certificates or new DRS statements symbolizing the number of article-consolidation Common Shares to which they are entitled.
Quipt’s typical shares will go on to trade on the OTCQX beneath the ticker symbol “PTQQD” for the following 20 small business times denoting the Share Consolidation, prior to reverting back to “PTQQF”. Quipt programs to modify its OTCQX ticker symbol to “QIPT” on a Nasdaq up listing.
The Company also needs to note the amended conversion selling price of its 8.% unsecured convertible debentures because of on March 7, 2024. The amended conversion value is $5.20 for every share reflecting the Share Consolidation and will continue on buying and selling on the TSXV underneath the new image “QIPT.DB.A”.
ABOUT QUIPT Property Professional medical CORP.
The Enterprise presents in-dwelling checking and disorder management solutions together with conclude-to-conclude respiratory alternatives for clients in the United States health care market. It seeks to go on to grow its offerings to include things like the administration of many persistent sickness states focusing on individuals with heart or pulmonary illness, sleep disorders, diminished mobility and other continual health and fitness circumstances. The primary business aim of the Business is to build shareholder value by featuring a broader variety of providers to people in have to have of in-house monitoring and chronic disorder administration. The Company’s organic expansion method is to enhance annual revenue per affected individual by giving many companies to the very same individual, consolidating the patient’s providers and producing everyday living a lot easier for the individual.
Ahead-Seeking Statements
Specified statements contained in this push launch represent “ahead-searching facts” as such expression is defined in relevant Canadian securities laws. The phrases “may”, “would”, “could”, “need to”, “probable”, ”will”, “search for”, “intend”, “approach”, “foresee”, “consider”, “estimate”, “be expecting” and comparable expressions as they relate to the Corporation, which includes: and the timing and completion of the proposed listing on Nasdaq are intended to identify forward-hunting details. All statements other than statements of historical truth could be forward-on the lookout information. This sort of statements reflect the Company’s current views and intentions with respect to upcoming situations, and current info accessible to the Company, and are subject to certain hazards, uncertainties and assumptions , which include: the Enterprise successfully identified, negotiating and finishing added acquisitions, like accretive acquisitions. Several things could cause the genuine effects, functionality or achievements that may perhaps be expressed or implied by this sort of ahead-looking information to range from those people described herein need to a person or a lot more of these challenges or uncertainties materialize. Examples of this sort of chance aspects involve, without limitation: credit score market (like equity, commodity, foreign exchange and interest level) liquidity operational (including engineering and infrastructure) reputational insurance strategic regulatory legal environmental cash adequacy the general small business and economic conditions in the regions in which the Company operates the ability of the Company to execute on vital priorities, including the effective completion of acquisitions, business retention, and strategic options and to attract, acquire and keep key executives difficulty integrating recently obtained companies the means to implement business enterprise strategies and go after business enterprise alternatives reduced earnings industry segments disruptions in or attacks (which include cyber-assaults) on the Firm’s details engineering, web, community access or other voice or details communications systems or solutions the evolution of various varieties of fraud or other criminal behavior to which the Business is exposed the failure of third events to comply with their obligations to the Company or its affiliates the affect of new and modifications to, or application of, existing laws and laws decline of reimbursement fees dependence on handful of payors feasible new drug discoveries a novel organization product dependence on important suppliers granting of permits and licenses in a remarkably controlled organization the general hard litigation natural environment, such as in the U.S. elevated opposition changes in overseas currency costs increased funding prices and market volatility due to marketplace illiquidity and levels of competition for funding the availability of money and resources to go after operations essential accounting estimates and adjustments to accounting criteria, insurance policies, and methods used by the Company the prevalence of organic and unnatural catastrophic functions and claims resulting from this kind of situations and risks related to COVID-19 together with many suggestions, orders and measures of governmental authorities to test to limit the pandemic, which includes travel limits, border closures, non-vital company closures, quarantines, self-isolations, shelters-in-place and social distancing, disruptions to markets, economic activity, financing, provide chains and product sales channels, and a deterioration of typical economic conditions including a possible countrywide or global recession as perfectly as all those hazard variables talked over or referred to in the Company’s disclosure documents filed with the securities regulatory authorities in selected provinces of Canada and obtainable at www.sedar.com. Ought to any element affect the Organization in an surprising manner, or should really assumptions underlying the forward-hunting information and facts demonstrate incorrect, the precise success or events may perhaps differ materially from the benefits or gatherings predicted. Any such ahead-wanting info is expressly qualified in its entirety by this cautionary assertion. What’s more, the Organization does not think responsibility for the precision or completeness of such forward-wanting info. The ahead-hunting information provided in this push launch is made as of the day of this press release and the Firm undertakes no obligation to publicly update or revise any forward-hunting information, other than as required by applicable law.
Neither the TSX Enterprise Exchange nor its Regulation Expert services Service provider (as that phrase is defined in the guidelines of the TSX Venture Trade) accepts duty for the adequacy or accuracy of this launch.
For more details you should visit our web page at www.protechhomemedical.com, or call:
Cole Stevens
VP of Company Development
Quipt Property Clinical Corp.
859-300-6455
[email protected]
Gregory Crawford
Main Executive Officer
Quipt Home Medical Corp.
859-300-6455
[email protected]
