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01 Quantum Announces Closing of $2.35 Million Financing
Newsfile· 2025-10-03 17:09
Core Viewpoint - 01 Quantum Inc. has successfully closed an equity financing round, raising approximately $2.35 million to strengthen its balance sheet and support its strategic initiatives in the quantum cybersecurity sector [1][3]. Financing Details - The financing involved the issuance of 4,892,499 units at an issue price of $0.48 per unit, resulting in gross proceeds of $2,348,399.52 [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each full warrant exercisable at $0.75 for 36 months [2]. Use of Proceeds - The net proceeds from the offering will be utilized for product development initiatives, expanding sales and marketing teams, accelerating commercialization efforts, and general working capital needs [5]. Related Party Transaction - The company issued 200,000 units to a director, Tyson Macaulay, classifying the offering as a related party transaction. The company was exempt from obtaining a formal valuation and minority approval for this transaction [6]. Agent and Compensation - Hampton Securities Limited acted as the sole agent for the offering, receiving a cash fee of 7% of the gross proceeds and 342,475 compensation options, each allowing the purchase of one common share at the offering price for 36 months [4]. Company Overview - 01 Quantum Inc. specializes in post-quantum cybersecurity and remote access solutions, with its IronCAP™ product line being patent-protected in the U.S. [8].
01 Communique to Hold Shareholder Meeting to Approve Name Change to 01 Quantum Inc. and Present an Executive Update on Recent Partnerships
Newsfile· 2025-09-04 12:00
Group 1 - The company, 01 Communique Laboratory Inc., is holding a shareholder meeting on September 10, 2025, to approve a name change to 01 Quantum Inc. [1] - Following the formal meeting, CEO Andrew Cheung will present an update on recent strategic partnerships with a Quantum-Native Crypto Foundation and Turnium Technology Group Inc., emphasizing their role in digital asset protection and quantum-safe cybersecurity [2][3] - The company has a focus on post-quantum cybersecurity, particularly through its IronCAP™ product line, which is patent-protected in the U.S. [5] Group 2 - The meeting will take place at the offices of Fogler, Rubinoff LLP in Toronto, with options for virtual attendance [4] - 01 Communique has been established since 1992 and has consistently been at the forefront of technology [5]