Scope Technologies Announces $3 Million Private Placement Financing

Executive Summary

• Scope Technologies Corp. announced a non‑brokered private placement of 7,894,737 units at $0.38 per unit, generating gross proceeds of $3 million.
• Each unit consists of one common share and half of a warrant to purchase an additional share at $0.60 for three years; all securities are subject to a four‑month‑plus hold period.
• Proceeds will be used to expand the company’s QSE platform and for general working capital, supporting its post‑quantum security solutions.

Key Details

• Units Offered: 7,894,737 units at $0.38 per unit.
• Gross Proceeds: $3,000,000.
• Unit Composition: 1 common share + ½ warrant (each whole warrant allows purchase of one additional share at $0.60).
• Warrant Terms: Exercise price $0.60 per share; exercisable for three years from issuance.
• Hold Period: Securities and any exercised warrants subject to a lock‑up of 4 months + 1 day.
• Use of Proceeds: Expansion of QSE platform and general working capital requirements.
• Finder’s Fees: Company may pay finder’s fees related to the offering.

Notable Quotes

“This funding allows Scope Technologies to grow and support ongoing operations,” said Ted Carefoot, CEO of Scope Technologies Corp. “Accelerating our goal to make QSE a go‑to post‑quantum security preparedness and encryption company.”