01 Quantum Announces Closing of $2.35 Million Financing

Executive Summary

• 01 Quantum Inc. closed an equity financing of 4,892,499 units at $0.48 per unit, raising gross proceeds of $2,348,399.52.
• The offering was led by Hampton Securities Limited, which also received a cash fee (7% of gross proceeds) and was issued 342,475 compensation options.
• Net proceeds will be used to fund product development, expand sales & marketing teams, accelerate commercialization, and support general working capital.

Key Details

• Units Issued: 4,892,499 units, each consisting of one common share and half a warrant (full warrant exercisable at $0.75 for 36 months).
• Offering Price: $0.48 per unit.
• Gross Proceeds: $2,348,399.52.
• Lead Underwriter/Agent: Hampton Securities Limited (sole agent).
• Agent Compensation: Cash fee equal to 7% of gross proceeds; issuance of 342,475 compensation options (each option allows purchase of one common share at the offering price for 36 months).
• Related Party Subscription: 200,000 units issued to director Tyson Macaulay as a related‑party transaction, exempt from formal valuation and minority approval under MI 61‑101.
• Use of Proceeds: Advance product development initiatives, expand product development and sales/marketing teams, accelerate commercialization of technology, and meet general working capital needs.
• Warrant Terms: Exercisable at $0.75 per share; 36‑month term from closing date.
• Regulatory Exemptions: Offering relied on NI 45‑106 Part 5A and COBO 45‑935 exemptions; securities not subject to resale restrictions.

Notable Quotes

“This financing strengthens our balance sheet and provides the necessary capital to pursue our strategic roadmap,” said Andrew Cheung, CEO of 01 Quantum.

All boilerplate, forward‑looking disclaimer, and company background sections have been omitted for brevity.