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Quipt Property Clinical Commences Trading on Consolidated Foundation

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CINCINNATI, 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.
[email protected] 

Gregory Crawford
Main Executive Officer
Quipt Home Medical Corp.
[email protected] 

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