Exhibit 99.1
FORM 51-102F3
MATERIAL CHANGE REPORT
1. | Name and Address of Company |
Quipt Home Medical Corp. (the “Company” or “Quipt”) | |
1019 Town Drive | |
Wilder, Kentucky 41076 | |
2. | Date of Material Change |
April 17, 2023 | |
3. | News Release |
A news release was disseminated on April 17, 2023, via Canada Newswire. | |
4. | Summary of Material Change |
Quipt 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 n the Province of Québec on a commercially reasonably best efforts basis. | |
5.1 | Full Description of Material Change |
The material change is fully described in the news release attached hereto. | |
5.2 | Disclosure for Restructuring Transactions |
Not Applicable. | |
6. | Reliance on Section 7.1(2) or (3) of National Instrument 51-102 |
Not Applicable. | |
7. | Omitted Information |
None | |
8. | Executive Officer |
For additional information, please contact Hardik Mehta, Chief Financial Officer of the Company, at (859) 202-3085. | |
9. | Date of Report |
April 24, 2023 |