Quantum Blockchain Technologies PLC (GB:QBT) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Quantum Blockchain Technologies PLC has announced the successful completion of a €700,000 payment from the First Sipiem Settlement, alongside a €170,000 payment to Sipiem’s Receiver, marking a significant step towards pursuing the remaining claim of €5.575 million. Despite this progress, the settlement is still awaiting formal approval from the Venice Court of Appeal. The settlement strengthens the company’s position to recover the full judgment amount without sharing with other parties, as per Executive Chairman Francesco Gardin.
For further insights into GB:QBT stock, check out TipRanks’ Stock Analysis page.