SuperQ Quantum Closes Brokered LIFE Financing of $3,450,000 Including Full Exercise of Agent's Option

Core Points - SuperQ Quantum Computing Inc. has successfully closed a financing round, raising a total of $3,450,000 through the issuance of 3,285,713 units at a price of $1.05 per unit, including the full exercise of the over-allotment option [1][2] - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $1.40 for a period of thirty-six months [2] - The offering was led by Hampton Securities Limited, which received a 7% cash commission on the gross proceeds and broker warrants equivalent to 7% of the units issued [3] Use of Proceeds - The net proceeds from the offering will be utilized for quantum hardware development, including human resources, lab facilities, software, equipment, research, product development, and general working capital needs [4] Regulatory Information - The units were sold under specific Canadian securities regulations and are not subject to a hold period, while broker warrants are subject to a four-month and one-day hold period [5] Company Overview - SuperQ Quantum Computing Inc. aims to lead in quantum and supercomputing solutions, targeting enterprise transformation and providing direct ROI for global organizations [6][7] - The company's flagship Super™ platform is designed to make advanced computational power accessible, enabling various sectors to address complex challenges effectively [7]