Cybersecurity solutions provider Plurilock Security Inc. (TSXV: PLUR) has officially filed its management information circular and scheduled a special shareholder meeting for November 18, 2026, to vote on its proposed acquisition by quantum entropy and post-quantum cryptography developer Quantum eMotion Corp. (NYSE American: QNC; TSXV: QNC).
First announced in late September 2026, the court-approved plan of arrangement values Plurilock at approximately C$33.8 million (~$24 million USD), representing total consideration of C$0.28 per share—a 100% premium over Plurilock’s 20-day volume-weighted average price prior to announcement. Under the agreed terms, Plurilock shareholders will receive C$0.084 in cash (30%) and 0.0763 of a Quantum eMotion common share (70%) for each share held.
| [ Quantum eMotion / Plurilock Transaction & Vote Timelines ] | ||
|---|---|---|
| Transaction Benchmark | Financial & Legal Structure | Key Corporate & Regulatory Milestone |
| • Transaction Valuation | • Total Equity Value: C$33.8 million (~$24M USD) | • C$0.28 per Plurilock share (100% premium over 20-day VWAP). |
| • Consideration Split | • 30% Cash (C$0.084) / 70% QeM Shares (0.0763) | • Pro forma ownership: 95.97% existing QeM shareholders, 4.03% former Plurilock shareholders. |
| • Shareholder Vote Date | • Proxy Voting Deadline: Nov 16, 2026 (10:00 AM PST) | • Special Meeting of Shareholders scheduled for November 18, 2026 in Vancouver, BC. |
| • Target Closing & Delisting | • Plan of Arrangement (Supreme Court of BC approval) | • Expected closing late November 2026; Plurilock shares to be delisted from TSXV following completion. |
The transaction is designed to accelerate commercial adoption of Quantum eMotion’s quantum random number generators (QRNG) and FIPS 140-3/NIST 800-90B validated entropy technologies by embedding them into Plurilock’s established AI-driven identity, critical IT, and public-sector procurement channels across Canada, the U.S., and NATO alliance partners.
Plurilock’s Board of Directors unanimously recommends that shareholders vote in favor of the arrangement, which requires two-thirds majority approval at the November 18 meeting alongside customary court and stock exchange approvals.
Review the transaction filing on Newsfile Corp here, examine customer continuity details on the Plurilock Portal here, inspect the definitive agreement release on the Plurilock Pressroom here, and read our initial transaction report here.
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