Quantum eMotion Announces Upsized Brokered LIFE Financing of C$12,000,000

Core Viewpoint - Quantum eMotion Corp. has announced an increase in its brokered private placement to C$12,000,000 due to heightened institutional demand, consisting of 8,000,000 units priced at C$1.50 each [1] Group 1: Offering Details - The offering will be conducted under the listed issuer financing exemption, allowing for immediate tradeability of the securities without a hold period under Canadian securities laws [3] - A.G.P. Canada Investments ULC is the sole bookrunner and agent for the offering, with A.G.P./Alliance Global Partners acting as the sole U.S. placement agent [2] - The expected closing date for the offering is around June 2, 2025, subject to necessary approvals [5] Group 2: Company Overview - Quantum eMotion aims to meet the growing demand for affordable security solutions for connected devices, leveraging its patented Quantum Random Number Generator for enhanced cybersecurity [7] - The company targets sectors such as Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security, and Quantum Cryptography [7]