Quipt Home Medical confirms receipt of Forager’s 'undervalued offer'

* Quipt Home Medical (NASDAQ:QIPT [https://seekingalpha.com/symbol/QIPT]) on Wednesday said it has acknowledged the receipt of another unsolicited, non-binding, and indicative proposal from Forager Capital Management to acquire all the company’s issued and outstanding common shares for $3.10 per share.
* The proposal follows several prior, similarly non-binding offers from FCM, including the $3.10 offer FCM publicly disclosed on May 19, 2025.
* In addition, the repeated offers follow an earlier non-binding offer by FCM in January 2025 to acquire all shares at $3.90 per share.
* The company said its board of directors declined the January proposal as it undervalued the company at that time.
* "It is therefore unclear how FCM thinks the August Proposal should be taken seriously by the Board or any shareholders of the Company," it said.
* The company also added that "the fact that FCM has since reduced its offer price, while also failing to disclose the January Proposal in its required U.S. securities filings, raises further concerns about its credibility."
* QIPT -1.52% premarket to $2.58.
* Source: Press Release [https://seekingalpha.com/pr/20212842-quipt-home-medical-confirms-receipt-of-forager-s-repetitive-undervalued-offer-board-denounces]

MORE ON QUIPT HOME MEDICAL CORP.

* Forager Capital proposes buyout of Quipt Home Medical; shares up 22% [https://seekingalpha.com/news/4488726-forager-capital-proposes-buyout-of-quipt-home-medical-shares-up-22]
* Quipt outlines $300M run-rate target and expands Midwest presence through major joint venture [https://seekingalpha.com/news/4484038-quipt-outlines-300m-run-rate-target-and-expands-midwest-presence-through-major-joint-venture]
* Historical earnings data for Quipt Home Medical Corp. [https://seekingalpha.com/symbol/QIPT:CA/earnings]
* Financial information for Quipt Home Medical Corp. [https://seekingalpha.com/symbol/QIPT:CA/income-statement]