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Quantum Base Holdings Plc ( (GB:QUBE) ) has issued an announcement.
Quantum Base Holdings Plc has announced a proposed fundraising effort to raise £4.75 million through a combination of a conditional placing and a retail offer. The funds will be used to strengthen the company’s balance sheet, support operational costs, and capitalize on market opportunities in secure authentication. The company has made significant progress since its IPO, including deploying over 1 billion Q-IDs and forming a new partnership with an international art registry. With a robust pipeline and continued product innovation, Quantum Base is well-positioned for accelerated growth, aiming to expand its commercial and marketing capabilities and pursue new R&D projects.
More about Quantum Base Holdings Plc
Quantum Base Holdings Plc is a quantum science company focused on creating a new global standard in authentication. The company operates in the security and authentication industry, providing solutions like Q-IDs for secure, smartphone-based authentication. Their market focus includes security printing, brand protection, and R&D projects, with a strong emphasis on combating counterfeiting, a $2.8 trillion global issue.
Average Trading Volume: 84,811
Technical Sentiment Signal: Strong Sell
Current Market Cap: £13.46M
See more insights into QUBE stock on TipRanks’ Stock Analysis page.