Adamantem Capital made an offer to acquire QANTM Intellectual Property Limited (ASX:QIP) for approximately AUD 250 million on March 12, 2024. Adamantem will acquire all the shares in QANTM for AUD 1.817 per share. The Adamantem Indicative Proposal is all cash with a scrip election of up to 50%.

The Adamantem Indicative Proposal is subject to a number of conditions, including completion of satisfactory due diligence, and negotiation and execution of transaction documentation, as well as other customary conditions. MA Moelis Australia acted as financial adviser and Gilbert + Tobin acted as legal adviser to QANTM Intellectual Property Limited.