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01 Quantum Announces Brokered LIFE Financing of a Minimum of $2,000,000 and Maximum of $3,000,000
Toronto, Ontario--(Newsfile Corp. - September 23, 2025) - 01 Quantum Inc. (TSXV: ONE) (OTCQB...
About this update from 01 Quantum Inc.
[{"type":"text","content":"01 Quantum Announces Brokered LIFE Financing of a Minimum of $2,000,000 and Maximum of $3,000,000Toronto, Ontario--(Newsfile Corp. - September 23, 2025) - 01 Quantum Inc. (TSXV: ONE) (OTCQB: OONEF) (\"01 Quantum\" or the \"Company\"), one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, is pleased to announced that it has entered into an agreement with Hampton Securities Limited (the \"Agent\") as the sole lead agent and bookrunner, in connection with a commercially reasonable efforts placement of a minimum of 4,116,666 units of the Company (the \"Units\") and up to 6,250,000 Units at a price of $0.48 per Unit (the \"Offering Price\"), for aggregate gross proceeds of a minimum of $2,000,000 and up to $3,000,000 (the \"Offering\"). Each Unit will consist of one common share in the capital of the Company (each, a \"Share\") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one Share (a \"Warrant Share\") at a price of $0.75 for a period of thirty-six (36) months from the closing of the Offering.As part of the Offering, the Company granted the Agent an option (the \"Agent's Option\"), exercisable in whole or in part, at any time up to 48 hours prior to the closing date of the Offering, to sell up to an additional 937,500 Units at the Offering Price for additional gross proceeds of up to $450,000.The Company intends to use the net proceeds from the Offering to advance its product development initiatives, expand the product development and sales and marketing teams, accelerate commercialization efforts of its technology and commercial applications, and general working capital needs as further described in the Offering Document (as defined below).The Units will be offered pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada (other than the province of Quebec), and in other qualifying jurisdictions outside of Canada that are mutually agreed to by the Company and the Agent on a private placement basis pursuant to relevant prospectus and registration exemptions in accordance w...