Overview of QANTM Intellectual Property's Acquisition

QANTM Intellectual Property Limited (QANTM) (ASX: $QIP) has entered into a binding Scheme Implementation Deed (SID) with Fox BidCo Pty Ltd, an entity owned and controlled by funds managed and advised by Adamantem Capital Management Pty Ltd, for the acquisition of all the shares in QANTM for $1.817 per share by way of a scheme of arrangement. The QANTM Board unanimously recommends that QANTM Shareholders vote in favor of the Scheme, subject to the independent expert concluding that the Scheme is in the best interests of QANTM shareholders. The Scheme is expected to be implemented in August 2024 if approved.

Executive Commentary on Acquisition

The acquisition by Fox BidCo presents an exciting opportunity for QANTM shareholders. The offer of $1.817 per share represents a significant premium and reflects the confidence in QANTM's business and future prospects. We believe this acquisition will provide enhanced value for our shareholders and look forward to their support in favor of the Scheme.

Summary of Acquisition and Outlook

QANTM Intellectual Property Limited has agreed to an acquisition by Fox BidCo at $1.817 per share, offering shareholders the choice of cash or a combination of cash and unlisted scrip consideration. The Board's unanimous recommendation and the secured voting commitment deeds indicate confidence in the proposed acquisition. The Scheme, subject to shareholder approval, is expected to be implemented in August 2024. This acquisition aligns with QANTM's strategic goals and aims to deliver increased value to its shareholders. The company's ambitions and outlook are positive, reflecting a strong belief in the benefits of the acquisition for its stakeholders.