Quantum eMotion Closes Brokered LIFE Financing of C$10,000,000
Quantum eMotion (QNCCF) has successfully closed its brokered private placement, raising C$10,000,000 through the issuance of 13,333,333 units at C$0.75 per unit. Each unit comprises one common share and one warrant, with each warrant allowing the purchase of an additional share at C$1.10 within 3 years.
The financing was conducted under the LIFE Exemption, with A.G.P. Canada Investments ULC acting as sole bookrunner. The company plans to use the proceeds to accelerate R&D efforts, expand their R&D team, and support commercialization initiatives. The securities issued are expected to be immediately freely tradeable under Canadian securities laws.
As compensation, the Agent received a 6.5% cash fee and non-transferable warrants representing 5.0% of the total units issued, exercisable at C$0.88 for 30 months.
Quantum eMotion (QNCCF) ha concluso con successo il suo collocamento privato mediato, raccogliendo C$10.000.000 attraverso l'emissione di 13.333.333 unità a C$0,75 per unità. Ogni unità comprende un'azione comune e un warrant, con ogni warrant che consente l'acquisto di un'azione aggiuntiva a C$1,10 entro 3 anni.
Il finanziamento è stato effettuato sotto l'Esenzione LIFE, con A.G.P. Canada Investments ULC in qualità di unico bookrunner. L'azienda prevede di utilizzare i proventi per accelerare gli sforzi di R&S, espandere il proprio team di R&S e sostenere le iniziative di commercializzazione. I titoli emessi si prevede siano immediatamente liberamente negoziabili secondo le leggi canadesi sui titoli.
Come compenso, l'Agente ha ricevuto una commissione in contante del 6,5% e warrant non trasferibili che rappresentano il 5,0% del totale delle unità emesse, esercitabili a C$0,88 per 30 mesi.
Quantum eMotion (QNCCF) ha cerrado con éxito su colocación privada mediada, recaudando C$10,000,000 a través de la emisión de 13,333,333 unidades a C$0.75 por unidad. Cada unidad comprende una acción común y un warrant, con cada warrant permitiendo la compra de una acción adicional a C$1.10 dentro de 3 años.
El financiamiento se realizó bajo la Exención LIFE, con A.G.P. Canada Investments ULC actuando como único bookrunner. La empresa planea utilizar los fondos para acelerar los esfuerzos de I+D, expandir su equipo de I+D y apoyar iniciativas de comercialización. Se espera que los valores emitidos sean inmediatamente negociables bajo las leyes de valores canadienses.
Como compensación, el Agente recibió una tarifa en efectivo del 6.5% y warrants no transferibles que representan el 5.0% del total de unidades emitidas, ejercitables a C$0.88 durante 30 meses.
Quantum eMotion (QNCCF)는 중개된 사모 배치를 성공적으로 마감하여 C$10,000,000을 모금했습니다. 이는 C$0.75에 13,333,333개의 유닛을 발행한 것입니다. 각 유닛은 하나의 보통주와 하나의 워런트로 구성되며, 각 워런트는 3년 이내에 C$1.10에 추가 주식을 구매할 수 있도록 합니다.
이번 자금 조달은 LIFE 면세 조항에 따라 진행되었으며, A.G.P. Canada Investments ULC가 단독 북러너로 활동했습니다. 회사는 수익금을 연구 개발(R&D) 노력을 가속화하고, R&D 팀을 확장하며, 상업화 이니셔티브를 지원하는 데 사용할 계획입니다. 발행된 증권은 캐나다 증권법에 따라 즉시 자유롭게 거래될 것으로 예상됩니다.
보상으로, 에이전트는 6.5%의 현금 수수료와 발행된 총 유닛의 5.0%를 나타내는 양도 불가능한 워런트를 받았으며, 이는 30개월 동안 C$0.88에 행사할 수 있습니다.
Quantum eMotion (QNCCF) a réussi à clôturer son placement privé médié, levant C$10,000,000 grâce à l'émission de 13,333,333 unités à C$0,75 par unité. Chaque unité se compose d'une action ordinaire et d'un warrant, chaque warrant permettant l'achat d'une action supplémentaire à C$1,10 dans les 3 ans.
Le financement a été réalisé dans le cadre de l'Exemption LIFE, avec A.G.P. Canada Investments ULC agissant en tant que bookrunner unique. La société prévoit d'utiliser les fonds pour accélérer ses efforts de R&D, élargir son équipe de R&D et soutenir les initiatives de commercialisation. Les titres émis devraient être immédiatement négociables librement en vertu des lois canadiennes sur les valeurs mobilières.
En compensation, l'Agent a reçu des frais en espèces de 6,5 % et des warrants non transférables représentant 5,0 % du total des unités émises, exerçables à C$0,88 pendant 30 mois.
Quantum eMotion (QNCCF) hat erfolgreich seine vermittelte Privatplatzierung abgeschlossen und C$10.000.000 durch die Emission von 13.333.333 Einheiten zu je C$0,75 pro Einheit gesammelt. Jede Einheit besteht aus einer Stammaktie und einem Warrant, wobei jeder Warrant den Kauf einer zusätzlichen Aktie zu C$1,10 innerhalb von 3 Jahren ermöglicht.
Die Finanzierung wurde unter der LIFE-Ausnahme durchgeführt, wobei A.G.P. Canada Investments ULC als alleiniger Bookrunner fungierte. Das Unternehmen plant, die Erlöse zu nutzen, um die Forschungs- und Entwicklungsanstrengungen zu beschleunigen, sein F&E-Team zu erweitern und Kommerzialisierungsinitiativen zu unterstützen. Die ausgegebenen Wertpapiere werden voraussichtlich sofort unter den kanadischen Wertpapiergesetzen frei handelbar sein.
Als Vergütung erhielt der Agent eine Barvergütung von 6,5 % und nicht übertragbare Warrants, die 5,0 % der insgesamt ausgegebenen Einheiten repräsentieren und innerhalb von 30 Monaten zu C$0,88 ausgeübt werden können.
- Successful raise of C$10,000,000 in fresh capital
- Securities are immediately freely tradeable without hold period
- Proceeds will accelerate R&D and commercialization initiatives
- 6.5% cash fee plus 5% warrant compensation to agents reduces net proceeds
- Potential dilution from 13.3M new shares plus additional warrants
- Warrant exercise price of C$1.10 represents potential future dilution
Montreal, Quebec--(Newsfile Corp. - February 24, 2025) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (FSE: 34Q0) ("QeM" or the "Corporation") is pleased to announce that it has closed its previously announced best efforts brokered private placement for total gross proceeds of C
Each Unit consists of (i) one common share in the capital of the Corporation (a "Share"), and (ii) one common share purchase warrant (a "Warrant"). Each Warrant entitles its holder to acquire one additional common share (a "Warrant Share") of the Corporation at a price of C
The Corporation intends to use the net proceeds raised from the Offering to accelerate the pace of its research and development ("R&D") efforts, expand the R&D team, hire staff for the commercialization initiatives underway and for general working capital needs.
Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the securities issued pursuant to the LIFE Exemption are expected to be immediately freely tradeable and will not be subject to a hold period under applicable Canadian securities laws.
There is an offering document related to the Offering that can be accessed under the Corporation's profile at www.sedarplus.ca and on the Corporation website at https://www.quantumemotion.com/.
As consideration for their services, the Agent has received an aggregate cash fee equal to
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.
About QeM
The Corporation's mission is to address the growing demand for affordable hardware and software security for connected devices. QeM has become a pioneering force in classical and quantum cybersecurity solutions thanks to its patented Quantum Random Number Generator, a security solution that exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced protection for high-value assets and critical systems.
The Corporation intends to target highly valued Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Networks and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography.
For further information, please visit our website at https://www.quantumemotion.com/ or contact us at: info@quantumemotion.com
Marc Rousseau, Chief Financial Officer
Tel: (514) 886-0045
Email: info@quantumemotion.com
Website: www.quantumemotion.com
Cautionary Note regarding Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws, which is based upon the Corporation's current internal expectations, estimates, projections, assumptions and beliefs. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Corporation's expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering, and the completion of the Corporation's business objectives, and the timing, costs, and benefits thereof. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Corporation. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as "plans", "expects", "potential", "is expected", "anticipated", "is targeted", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements or forward-looking information are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements or forward-looking information, including, without limitation, risks and uncertainties relating risks inherent to the cybersecurity industry, the value of the Corporation's intangible assets, completing proof of concept studies, protecting intangible assets rights, timing and availability of external financing on acceptable terms or at all, the possibility that future results will not be consistent with the Corporation's expectations, increases in costs, changes in legislation and regulation, changes in economic and political conditions and other risks involved in the cybersecurity industry and inherent to new technologies, such as risk of obsolescence, slow adoption and competing technological advances; and those risks set out in the Corporation's public documents filed on SEDAR+ at www.sedarplus.ca.
Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or forward-looking information. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated or intended. For more information on the Corporation and the risks and challenges of its business, investors should review the Corporation's annual filings that are available at www.sedarplus.ca. The Corporation provides no assurance that forward-looking statements or forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and information. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242150
FAQ
How much did Quantum eMotion (QNCCF) raise in its latest financing round?
What are the terms of QNCCF's warrants from the February 2025 financing?
How will QNCCF use the proceeds from its C$10M financing?
What compensation did the agents receive for QNCCF's private placement?
