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Quantum Blockchain Technologies PLC ( (GB:QBT) ) has issued an update.
Quantum Blockchain Technologies Plc announced an amendment to the Sale & Repurchase Agreement (REPO) involving its CEO, Professor Francesco Gardin, and MC Strategies AG. The agreement extends the repurchase date of 5,000,000 ordinary shares to December 31, 2025, with an adjusted repurchase price reflecting a 5% annual interest rate. This strategic move allows for automatic six-month rollovers if the repurchase is not exercised, potentially impacting the company’s shareholding structure and market positioning.
More about Quantum Blockchain Technologies PLC
Quantum Blockchain Technologies Plc (QBT) is an AIM-listed investment company that has recently shifted its strategic focus towards technology-related investments, particularly in the areas of Quantum computing, Blockchain, Cryptocurrencies, and AI sectors. The company is actively engaged in research and development, as well as investment programs in the blockchain technology space, including cryptocurrency mining and other advanced applications.
Average Trading Volume: 18,090,984
Technical Sentiment Signal: Buy
Current Market Cap: £12.45M
For detailed information about QBT stock, go to TipRanks’ Stock Analysis page.