08:58 AM EDT, 05/21/2025 (MT Newswires) -- Quipt Home Medical Corp. ( QIPT ) , a U.S. based home medical equipment provider focused on end-to-end respiratory care, was at last look up 2.3% in US premarket trade on Wednesday after saying that it has received an unsolicited non-binding and conditional and indicative proposal from Forager Capital Management, LLC to acquire 100% of the company's issued and outstanding common shares at a price of US$3.10 per common share.

"It is the company's policy not to comment on unsolicited offers and is confirming its receipt of the Non-Binding Proposal only because Forager has made it public," a statement said.

As previously disclosed, QIPT entered into a Non-Disclosure and Standstill Agreement, dated February 1, 2025, with Forager Fund, L.P. and FCM.

QIPT was up $0.03 at $2.17 in premarket trade, having jumped more than 50% on NasdaqCM yesterday.