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The latest update is out from Quantum Biopharma ( (TSE:QNTM) ).
Quantum BioPharma announced an update regarding its private placement of class A multiple voting shares, seeking shareholder approval for the offering at its upcoming meeting. The offering aims to raise $600 for working capital and is expected to close on September 26, 2025, contingent on shareholder approval. This move is part of the company’s strategy to strengthen its financial position and support ongoing operations, potentially impacting its market presence and stakeholder interests.
More about Quantum Biopharma
Quantum BioPharma is a biopharmaceutical company focused on developing innovative biotech solutions for neurodegenerative, metabolic, and alcohol misuse disorders. Through its subsidiary, Lucid Psycheceuticals Inc., it is advancing Lucid-MS, a compound for multiple sclerosis. The company also has a stake in Unbuzzd Wellness Inc., which markets unbuzzd™, and maintains strategic investments through FSD Strategic Investments Inc.
Average Trading Volume: 7,306
Technical Sentiment Signal: Buy
Current Market Cap: C$107.4M
For detailed information about QNTM stock, go to TipRanks’ Stock Analysis page.