Quantum eMotion Corp. has successfully closed its brokered private placement, raising CA$10 million ($6.9M USD), up from the initially announced CA$6 million, due to increased institutional demand. The offering, led by A.G.P. Canada Investments ULC, involved the issuance of 13,333,333 units at C$0.75 per unit, with each unit comprising one common share and one warrant exercisable at CA$1.10 for three years. This follows Quantum eMotion’s earlier announcement on February 21, 2025, where it secured CA$6 million in a private placement. The company’s quantum-secure solutions include its patented Quantum Random Number Generator, which targets sectors such as financial services, healthcare, and blockchain. For more details, visit announcements by Quantum eMotion here and here, and an earlier Quantum Computing Report article here.
February 28, 2025
