01 Quantum closes $2.34-million equity financing

Executive Summary

• 01 Quantum Inc. closed a $2.35 million equity financing of 4,892,499 units at $0.48 per unit.
• Each unit includes one common share and half of a common‑share purchase warrant exercisable at $0.75 for 36 months.
• Net proceeds will fund product development, sales & marketing expansion, commercialization efforts, and general working capital.

Key Details

• Gross proceeds: $2,348,399.52.
• Issue price: $0.48 per unit.
• Units sold: 4,892,499 units.
• Unit composition: 1 common share + ½ warrant (exercise price $0.75, 36‑month term).
• Lead underwriter/sole agent: Hampton Securities Ltd.; cash fee = 7% of gross proceeds.
• Compensation to agent: 342,475 compensation options (right to purchase one common share at offering price for 36 months).
• Related‑party issuance: 200,000 units issued to director Tyson Macaulay (related‑party transaction under MI 61‑101).
• Use of proceeds: advance product development initiatives, expand product development and sales/marketing teams, accelerate commercialization of technology, finance general working capital.

Notable Quotes

“This financing strengthens our balance sheet and provides the necessary capital to pursue our strategic road map,” said Andrew Cheung, CEO.

The release excludes boilerplate safe‑harbor language and company background.