Quantum Cyber Terminates At-the-Market Facility, Citing Strengthened Financial Position and No Immediate Capital Needs

About this update from Quantum Cyber N.v.

Facility was not used in the past 2 months | Company Closes ATM Following Over $15 Million in Warrant Proceeds; Cash on Hand and Debt-Free Capital Structure Expected to Fund Disclosed Technology and Acquisition Pipeline WEST PALM BEACH, Florida, June 12, 2026 (GLOBE NEWSWIRE) -- Quantum Cyber N.V. (Nasdaq: QUCY) ("Quantum Cyber" or the "Company"), a Nasdaq-listed autonomous defense technology company assembling an AI-powered System-of-Systems platform for drone warfare, counter-UAS, and border security applications, today announced that, effective June 7, 2026, it has terminated its at-the-market issuance sales agreement with Maxim Group LLC (the "ATM Facility"), originally dated October 1, 2025 and amended on May 4, 2026. The termination reflects the Company's significantly strengthened financial position following the completion of over $15 million in warrant exercise proceeds received in May 2026, as previously disclosed. With its enhanced balance sheet and the retirement of prior debt obligations, Quantum Cyber determined that the ATM Facility is no longer necessary to support its operating or strategic objectives at this time. The Company's capital structure is currently debt-free, with no exercisable warrants outstanding. Management believes the existing cash position provides sufficient runway to fund the continued build-out of its autonomous defense platform, including the execution of its disclosed technology licensing pipeline, ongoing patent prosecution, research and development expansion, and strategic acquisition activity currently in progress. "We are closing this facility from a position of financial strength, not necessity," said David Lazar, Chief Executive Officer of Quantum Cyber. "With over $15 million in proceeds on our balance sheet, a debt-free capital structure, and a clear pipeline of announced initiatives ahead of us, we believe that we have the runway to execute on what we have disclosed and continue to build the autonomous defense platform we set out to create." The Company's disclosed strategic pipeline includes the finalization of its manufacturing facility acquisition through Quantum Drones Corporation, continued patent prosecution across its growing intellectual property portfolio, the build-out of its domestic defense technology manufacturing complex, and the ad...

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