QANTM Acquisition Approved, Shares to Suspend

Qantm Intellectual Property Ltd. (AU:QIP) has released an update.

QANTM Intellectual Property Ltd has announced the approval by the Supreme Court of NSW for a scheme of arrangement whereby Fox BidCo Pty Ltd will acquire all shares of QANTM. Trading of QANTM shares will be suspended from 5 August 2024, following the lodgement of court orders with ASIC. The company has outlined an indicative timetable for the scheme’s implementation, including key dates for the payment of a special dividend.

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