SuperQ Quantum Announces Brokered LIFE Financing for up to $3,000,000

Core Points - SuperQ Quantum Computing Inc. has engaged Hampton Securities Limited as the sole lead agent for a minimum offering of 1,666,666 units at a price of $1.05 per unit, aiming for gross proceeds of at least $1,750,000 and up to $3,000,000 with a maximum of 2,857,142 units [1][2] - Each unit consists of one common share and one common share purchase warrant, allowing the holder to acquire an additional share at $1.40 for thirty-six months [2] - The company plans to use the net proceeds for quantum hardware development, including human resources, lab facilities, software, equipment, research, product development, and general working capital needs [4] Offering Details - The offering will be conducted under specific Canadian securities regulations, allowing for private placements without a hold period for Canadian subscribers [5] - An option has been granted to the agent to sell an additional 428,571 units for up to $450,000 in gross proceeds [3] - The expected closing date for the offering is around October 24, 2025, subject to regulatory approvals [6] Agent Compensation - The agent will receive a cash fee of 7.0% of the gross proceeds from the offering, along with compensation options equal to 7.0% of the total units issued [7] Company Overview - SuperQ Quantum Computing Inc. aims to lead in quantum and supercomputing solutions, targeting enterprise transformation and optimization for global organizations [9][10] - The company's flagship Super™ platform is designed to provide advanced computational power to various sectors, including finance, healthcare, and logistics [10]