Quantum eMotion Announces Brokered LIFE Financing of C$6,000,000

Core Viewpoint - Quantum eMotion Corp. is conducting a brokered private placement to raise C$6,000,000 through the issuance of 8,000,000 units at a price of C$0.75 per unit, aimed at enhancing its research and development efforts and commercialization initiatives [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at C1.10 for three years [2]. - The closing of the offering is expected around February 24, 2025, subject to regulatory approvals [6]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to accelerate research and development, expand the R&D team, hire staff for commercialization, and cover general working capital needs [3]. Group 3: Agent Compensation - Agents involved in the offering will receive a cash fee of 6.5% of the gross proceeds and non-transferable warrants representing 5.0% of the total units issued, with each warrant allowing the purchase of a common share at C0.88 for 30 months [7]. Group 4: Company Overview - Quantum eMotion Corp. focuses on providing affordable hardware and software security solutions for connected devices, leveraging its patented Quantum Random Number Generator for enhanced cybersecurity [9]. - The company targets sectors such as Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security, Government Networks, and Quantum Cryptography [10].