Quantum eMotion Announces Upsized Brokered LIFE Financing of C$10,000,000

Company Overview - Quantum eMotion Corp. (QeM) is focused on providing affordable hardware and software security solutions for connected devices, leveraging its patented Quantum Random Number Generator technology [6]. - The company targets sectors such as Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Networks, Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics), and Quantum Cryptography [7]. Offering Details - QeM has announced an increase in its brokered private placement to C$10,000,000, consisting of 13,333,333 units priced at C$0.75 per unit, due to heightened institutional demand [1]. - The offering is conducted under the listed issuer financing exemption (LIFE Exemption) as per National Instrument 45-106 [1]. - The closing of the offering is expected to occur around February 24, 2025, subject to necessary approvals [4]. Securities Information - The securities issued under the LIFE Exemption will be immediately freely tradeable and not subject to a hold period under Canadian securities laws [2]. - The units may also be offered in the United States under exemptions from registration requirements of the U.S. Securities Act [2].