Quantum eMotion Upsizes Financing to C$10 Million

The latest update is out from Quantum Numbers ( (TSE:QNC) ).

Quantum eMotion Corp. has announced an upsized brokered private placement to raise C$10,000,000 due to increased institutional demand. This move, led by A.G.P. Canada Investments, is expected to enhance the company’s financial standing, allowing it to pursue its mission of addressing the demand for secure connected device solutions. The offering will consist of 13,333,333 units priced at C$0.75 per unit and will be free from hold periods under Canadian securities law, potentially expanding the company’s market reach and investor base.

More about Quantum Numbers

Quantum eMotion Corp. is a leader in classical and quantum cybersecurity solutions, recognized for its patented Quantum Random Number Generator. The company focuses on providing affordable hardware and software security for connected devices, targeting industries such as Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, and others.

YTD Price Performance: -46.10%

Average Trading Volume: 3,199,674

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $107.1M

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