Quantum eMotion Secures C$6 Million Financing to Boost Growth
Quantum eMotion Secures C$6 Million Financing
Quantum eMotion Corp. (TSX.V: QNC) recently announced a significant brokered private placement aimed at raising a minimum of C$6 million. This offering, consisting of at least 4 million units priced at C$1.50 each, represents a strategic move to bolster the company’s research and development (R&D) and overall business growth.
Details of the Offering
Each unit in this offering includes one common share of the corporation and a warrant that allows investors to purchase additional shares at a later date for C$1.82 over the next three years. The funds obtained from this financing will primarily support the accelerated pace of R&D initiatives and expand the company’s team, particularly focusing on commercialization efforts in various markets.
The Role of the Agents
A.G.P. Canada Investments ULC is designated as the sole bookrunner and agent for this offering, with A.G.P./Alliance Global Partners serving as the sole placement agent for U.S. investors. They will guide the transaction towards its successful closure while ensuring compliance with applicable regulations.
Strategic Use of Proceeds
The gross proceeds generated from this financing will be directed towards enhancing Quantum eMotion’s research capabilities and expanding its reach within the industry. This includes hiring additional staff to support ongoing projects and efforts to increase the company’s presence in the USA and beyond. The broader goal is to capitalize on the escalating demand for advanced cybersecurity solutions.
Benefits of Immediate Trading
Importantly, the securities issued under this LIFE Exemption are anticipated to be immediately tradable upon closing, which means investors will enjoy liquidity without a mandatory hold period. This flexibility is appealing for prospective investors looking to manage their portfolios actively.
Overview of Quantum eMotion
Quantum eMotion dedicates itself to meeting the rising demand for effective security solutions in a world increasingly reliant on connected devices. Through its patented Quantum Random Number Generator, the company has carved a niche in the cybersecurity landscape by providing both classical and quantum security solutions. These innovations leverage the principles of quantum mechanics to secure high-value assets and critical information systems.
Targeted Industries
The company aims to cater to a variety of high-value sectors, including financial services, healthcare, blockchain applications, and cloud-based IT security. With the recent infusion of capital, Quantum eMotion is poised to tackle a multitude of challenges in these fields, providing cutting-edge security solutions that adapt to the demands of various industries.
Investor Considerations
Prospective investors are encouraged to thoroughly read the offering documents available through the corporation's profile. As the closing of the offering approaches, it’s crucial for investors to understand the implications of their investment and the potential returns based on the company’s growth trajectory.
Contact Information
For further inquiries about the financing or other company information, interested parties can reach out to the Chief Executive Officer, Francis Bellido, at 514.956.2525 or via email at info@quantumemotion.com. More information can also be found on Quantum eMotion's official website, which outlines their latest advancements in cybersecurity.
Frequently Asked Questions
What is the purpose of the C$6 million financing?
The financing aims to accelerate Quantum eMotion's research and development efforts while expanding its operational capabilities and market presence.
Who is managing the private placement?
A.G.P. Canada Investments ULC is acting as the sole bookrunner, ensuring the successful management of the offering.
Are the securities tradable immediately?
Yes, the securities will be immediately tradable upon closing, offering investors liquidity without a mandatory hold period.
Which industries does Quantum eMotion target?
Quantum eMotion focuses on several sectors, including financial services, healthcare, and cloud-based security, to address their unique cybersecurity needs.
How can investors learn more about Quantum eMotion?
Investors can access more detailed information through the company's official website or by contacting their CEO directly.
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