02:30 PM EDT, 10/22/2025 (MT Newswires) -- Lakeview Opportunity Fund, LLC, a nearly 5% owner, and top five shareholder of Quipt Home Medical Corp. ( QIPT ) on Wednesday said QIPT's board of directors has "undermined the best interests of shareholders by failing to engage in good faith with a credible bidder as part of a transparent and viable strategic review."

The Fund added: "Rather than open a constructive dialogue with a real bidder and start exploring all avenues to maximize value, the board has put shareholder value at risk and started to waste Quipt's limited resources on apparent entrenchment efforts, including a clearly frivolous lawsuit. We suspect shareholders are fed up with the board due to its mishandling of this situation and prior decision to issue itself unjustifiable equity-based compensation."

According to the Fund, QIPT contends that the US$3.10 per share offer from a publicly disclosed bidder is "self-serving." The Fund said QIPT had cited recent positive developments at the company level. "However none of these actions have resulted in any tangible returns for shareholders. The only recent news that has driven any positive share price action is when the $3.10 per share bid was publicly announced," the Fund added. The Fund also noted Quipt has told the market that $3.10 per share significantly undervalues the company. "We agree, and believe a full and transparent strategic review process, focused on a sale, will result in a transaction at a meaningful premium to that price. We urge the company to do so as soon as possible, and believe it represents by far the best combination of risk and reward for all shareholders."

QIPT was last seen down $0.11 or 2.9% at $3.64.

Price: 3.61, Change: -0.14, Percent Change: -3.73