Scope Technologies Announces Convertible Debt Financing to Drive Growth and Innovation

Core Viewpoint - Scope Technologies Corp. has secured a total of $2.8 million CAD in funding, including a $1 million CAD convertible debt financing from First Majestic Silver Corp. and a previously announced $1.8 million CAD non-brokered private placement financing, aimed at enhancing operational growth and advancing quantum-resistant encryption solutions [1][2][4]. Funding Details - The $1 million CAD convertible debt financing features an annual interest rate of 4% and matures within one year, with the option for First Majestic to convert the principal at $1.40 per share [4]. - This funding will support the scaling of operations and business development, allowing Scope Technologies to expand its market presence and enhance its quantum security offerings [5]. Strategic Importance - First Majestic's investment highlights the growing need for secure and scalable technological solutions, particularly in the context of advancements in quantum computing [3]. - The successful completion of a Proof of Concept (POC) by Scope Technologies has reinforced First Majestic's decision to become an enterprise client, validating the robustness and security of Scope's quantum-resistant technologies [3][4]. Company Overview - Scope Technologies Corp. specializes in quantum security and machine learning, providing next-generation solutions in data security and quantum encryption through its brands, QSE Group and GEM AI [7].