Quantum eMotion Announces Brokered LIFE Financing of
From GlobeNewswire: 2025-05-29 23:46:00
Quantum eMotion Corp. announces a brokered private placement to raise at least C$6,000,000 through the sale of 4,000,000 units at C$1.50 per unit. The net proceeds will be used to accelerate research and development efforts, expand the team, and support commercialization initiatives in the USA and other markets. The offering is expected to close on June 2, 2025, subject to regulatory approvals. A.G.P. Canada Investments ULC and A.G.P./Alliance Global Partners are acting as agents for the offering. The securities issued will be immediately freely tradeable under the LIFE Exemption and may also be offered in the US under exemptions from registration requirements.
Quantum eMotion Corp. focuses on providing affordable hardware and software security solutions for connected devices using its patented Quantum Random Number Generator. The company targets industries like Financial Services, Healthcare, Blockchain Applications, and Secure Device Keying for its cybersecurity solutions. Interested investors can access the offering document on the company’s website before making an investment decision. For more information, visit www.quantumemotion.com or contact the CEO, Francis Bellido.
This news release contains forward-looking statements regarding the use of proceeds, completion of the offering, and business objectives. Risks and uncertainties in the cybersecurity industry may affect actual results. Investors are advised to review the company’s annual filings for a better understanding of the risks involved. The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the release’s accuracy.
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