Full Press Release Details
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 Qu bec 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 |