Quipt Announces Early Conversion of 2019 Convertible Debentures Strengthening Balance Sheet

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Last update: Aug 9, 2022

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CINCINNATI, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Quipt Home Medical Corp. (“Quipt” or the “Company”) (NASDAQ:QIPT; TSXV:QIPT), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, is pleased to ‎announce that it has exercised its right (the “Conversion Right”) under the debenture indenture dated March 7, 2019 (the “Indenture”), which governs all of the Company’s 8.0% unsecured convertible debentures issued on March 7, 2019 (the “Debentures”), to convert (the “Conversion”) all of the principal amount outstanding of the remaining Debentures on September 8, 2022 (the “Conversion Date”) into common shares of the Company (the “Common Shares”).