Quantum-Secure Infrastructure
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Scope Technologies Corp. Closes Private Placement of $3,000,000
Newsfileยท 2025-11-05 21:51
Core Viewpoint - Scope Technologies Corp. has successfully closed a non-brokered private placement financing, raising a total of $3,000,000 by issuing 7,894,736 units at a price of $0.38 per unit [1][3]. Financing Details - Each unit consists of one common share and one half of a common share purchase warrant, with each whole warrant allowing the holder to acquire one additional share at an exercise price of $0.60 until November 5, 2028 [2]. - The company paid a finders fee totaling $49,431.30, and the securities issued will be subject to resale restrictions until March 6, 2026 [3]. Use of Proceeds - The net proceeds from the offering will be utilized to expand the company's QSE platform and for general working capital purposes [3]. Company Overview - Scope Technologies Corp. is based in Vancouver, British Columbia, and specializes in quantum-secure infrastructure, focusing on protecting sensitive data through innovations in post-quantum storage and authentication [5]. - The company aims to meet the increasing enterprise demand for cryptographic resilience, providing secure and scalable technology to safeguard critical systems while preparing for the quantum era [5].