Quantum eMotion Announces Brokered LIFE Financing of C$6,000,000

Core Viewpoint - Quantum eMotion Corp. is conducting a brokered private placement to raise C$6,000,000 through the issuance of 8,000,000 units at a price of C$0.75 per unit, aimed at enhancing its research and development efforts and commercialization initiatives [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at C$1.10 for three years [2]. - The closing of the offering is expected around February 24, 2025, subject to regulatory approvals [6]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to accelerate research and development, expand the R&D team, hire staff for commercialization, and cover general working capital needs [3]. Group 3: Agent Compensation - Agents involved in the offering will receive a cash fee of 6.5% of the gross proceeds and non-transferable warrants representing 5.0% of the total units issued, with each warrant allowing the purchase of a common share at C$0.88 for 30 months [7]. Group 4: Company Overview - Quantum eMotion Corp. focuses on providing affordable hardware and software security solutions for connected devices, leveraging its patented Quantum Random Number Generator for enhanced cybersecurity [9]. - The company targets sectors such as Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security, Government Networks, and Quantum Cryptography [10].