Business
QTREX Announces Pricing of a $10 Million Private Placement of Ordinary Shares with a New Fundamental Institutional Investor
Nes Ziona, Israel, May 29, 2026 (GLOBE NEWSWIRE) -- QTREX Quantum Ltd. (Nasdaq: QTEX) ("QTREX" or the "Company") a developer of additively manufactured electronics ("AME") technologies for cryogenic interconnect and quantum hardware infrastructure, today announced that it has entered into a securities purchase agreement with a new fundamental institutional investor for the purchase and sale of 6,666,667 ordinary shares (or ordinary share equivalents in lieu thereof) in a private placement. The g
About this update from Qtrex Quantum Ltd.
[{"type":"image","alt":"Inspira Technologies","displaySize":"","headline":null,"caption":"Inspira Technologies","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":73,"url":"https://media.zenfs.com/en/globenewswire.com/ec8cbf817c36e6742df1b9c92325c292"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/WkWlodOtLHNJ4ub5YMs5cg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwMg--/https://media.zenfs.com/en/globenewswire.com/ec8cbf817c36e6742df1b9c92325c292","width":300,"height":73},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/WkWlodOtLHNJ4ub5YMs5cg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwMg--/https://media.zenfs.com/en/globenewswire.com/ec8cbf817c36e6742df1b9c92325c292","width":300,"height":73}},"lazy":false},{"type":"text","content":"Nes Ziona, Israel, May 29, 2026 (GLOBE NEWSWIRE) -- QTREX Quantum Ltd. (Nasdaq: QTEX) ("QTREX" or the "Company") a developer of additively manufactured electronics ("AME") technologies for cryogenic interconnect and quantum hardware infrastructure, today announced that it has entered into a securities purchase agreement with a new fundamental institutional investor for the purchase and sale of 6,666,667 ordinary shares (or ordinary share equivalents in lieu thereof) in a private placement. The gross proceeds from the offering are expected to be approximately $10 million, before deducting placement agent fees and other estimated offering expenses.","length":689,"tagName":"p"},{"type":"text","content":"The closing of the offering is expected to occur on or about June 1, 2026, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering for working capital and general corporate purposes.","length":249,"tagName":"p"},{"type":"text","content":"“We are pleased to welcome a new global institutional investor at a pivotal moment in QTREX’s transformation into a quantum hardware infrastructure company,” said Dagi Ben-Noon, Chief Executive Officer of QTREX. “This financing strengthens our ability to accelerate the commercialization of our AME-based cryogenic interconnect platform, scale our newly acquired AME capabilities, and support research and development across quantum and other mission-critical hardware applications.”","length":483,"tagName":"p"},{"type":"text","content":"A.G.P./Alliance Global Partners is ...