QANTM Intellectual Property (ASX:QIP) shares soared 18.7% to A$1.65, marking their highest level since March 2019.

The influential surge came in response to a non-binding indicative offer from Adamantem Capital.

The firm, manifesting interest in a potential buyout, proposed a price of A$1.817 per share.

This offer lays a 30.7% premium over the stock’s last close at A$1.39.

According to QANTM, Adamantem’s proposition is all-cash with scrip election of up to 50%.

Additionally, this proposal surpasses the price put forward by Rouse International Holdings in their undisclosed aim.

Despite the enticing overtures, QANTM clarifies no agreement has been finalized with any party.

The significant momentum in their stock has resulted in an rise of over 81% in the last 12 months.

QANTM Intellectual Property is a company specializing in intellectual property services, including the protection, commercialization, and enforcement of IP rights.