Quantum eMotion Announces Upsized Brokered LIFE Financing of C$12,000,000
MONTREAL, May 30, 2025 – Quantum eMotion Corp. (“QeM” or the “Corporation”) (TSX.V: QNC; OTCQB: QNCCF; FSE: 34Q0) is pleased to announce that it has increased the size of its previously announced best efforts brokered private placement due to increased institutional demand, for total gross proceeds of C$12,000,000 (the “Offering”), consisting of 8,000,000 units of the Corporation (each a “Unit”) at a price of C$1.50 per Unit (the “Offering Price”), pursuant to the listed issuer financing exemption (the “LIFE Exemption”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”).
A.G.P. Canada Investments ULC ("Agent") is acting as the sole bookrunner and agent for the Offering, and A.G.P./Alliance Global Partners is acting as sole U.S. placement agent for the Offering.
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.
- The Units may also be offered to persons in the United States pursuant to exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and all applicable U.S. state securities laws, as well as outside Canada and the United States on a basis which does not require the qualification or registration of any of the Corporation’s common shares or subject the Corporation to ongoing disclosure requirements under any domestic 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 www.quantumemotion.com. Prospective investors should read this offering document before making an investment decision.
It is expected that closing of the Offering will take place on or about June 2, 2025 (the “Closing Date”). Closing of the Offering is subject to certain conditions, including but not limited to, receipt of all necessary approvals.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act, and such securities may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons absent registration or an applicable exemption from U.S. registration requirements. “United States” and “U.S. persons” have the meanings ascribed to them in Regulation S under the U.S. Securities Act.
About QeM
The Company's mission is to address the growing demand for affordable hardware and software security for connected devices. Thanks to its patented Quantum Random Number Generator, QeM has become a pioneering force in classical and quantum cybersecurity solutions.
This security solution exploits quantum mechanics' built-in unpredictability and promises to provide enhanced protection for high-value assets and critical systems.
For further information, please visit our website at www.quantumemotion.com or contact us at: info@quantumemotion.com
The Company intends to target the following sectors:
- Financial Services
- Healthcare
- Blockchain Applications
- Cloud-Based IT Security Infrastructure
- Classified Government
- Krown Technologies and Communication Systems
- Secure Device Keying (IoT, Automotive, Consumer Electronics)
- Quantum Cryptography
Contact:
Francis Bellido, Chief Executive Officer
Tel: 514.956.2525
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 include, but are not limited to:
- Use of proceeds and available funds following the Offering
- Completion of the Offering and its timing (if at all)
- Achievement of the Corporation’s business objectives
Forward-looking information can often be identified by terms like “plans,” “expects,” “anticipated,” “intends,” “believes,” or the negatives thereof, as well as by terms such as “may,” “could,” “would,” “might,” or “will.”
These statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ materially, including:
- Risks inherent to the cybersecurity industry
- Uncertainties around intangible asset valuation and protection
- Availability of external financing
- Legislative or regulatory changes
- Economic or political shifts
- Risks of technological obsolescence and slow adoption
For additional information, please consult the Corporation’s public filings at www.sedarplus.ca.
The Corporation provides no assurance that forward-looking information will prove accurate. Actual results and future events could differ materially. Readers should not place undue reliance on such statements. The Corporation disclaims any intent or obligation to update them, except as required by law.
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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Subjects
Post-Quantum Cybersecurity, QRNGs, Healthcare Cybersecurity, Quantum Computing