Hampton Securities Limited Announces Closing of $3.45 Million LIFE Offering for SuperQ Quantum Computing Inc.

Executive Summary

• SuperQ Quantum Computing Inc. closed a private placement of 3,285,713 units at $1.05 per unit, generating gross proceeds of $3.45 million.
• Each unit includes one common share and one warrant to purchase an additional share at $1.40 for 36 months; the broker received 7% cash commission and non‑transferable warrants equal to 7% of units issued.
• Net proceeds are earmarked for quantum hardware development, lab facilities, software/equipment acquisition, research, product development, and general working capital.

Key Details

• Units sold: 3,285,713 (including full exercise of the over‑allotment option).
• Offering price per unit: $1.05.
• Aggregate gross proceeds: $3,450,000.
• Unit composition: 1 common share + 1 share purchase warrant (exercise price $1.40, exercisable for 36 months from closing).
• Broker compensation: 7% cash commission of gross proceeds; non‑transferable broker warrants equal to 7% of units issued, exercisable at the issue price for 36 months, subject to a hold period of four months and one day.
• Use of proceeds: Funding quantum hardware development (human resources, lab facilities, software, equipment), research & product development, and general working capital.
• Regulatory exemption: Units sold under Part 5A of NI 45‑106 and Coordinated Blanket Order 45‑935; no hold period for units, broker warrants subject to a 4‑month + 1‑day hold period.

Notable Quotes

(No executive quotes were provided in the release.)