Hampton Securities Limited Announces Closing of $2.35 Million LIFE Private Placement of Units for 01 Quantum Inc.

Executive Summary

• 01 Quantum Inc. closed a private placement of 4,892,499 units at $0.48 per unit, generating gross proceeds of approximately $2.35 million.
• Each unit includes one common share and half of a warrant exercisable at $0.75 for 36 months; the offering was conducted on a commercially reasonable efforts basis with Hampton Securities Limited acting as sole agent.
• Net proceeds will be used to advance product development, expand sales/marketing teams, accelerate commercialization of quantum‑era cybersecurity technology, and fund general working capital.

Key Details

• Units sold: 4,892,499
• Offering price per unit: $0.48
• Gross proceeds: ≈ $2,350,000 (4,892,499 × $0.48)
• Composition of each Unit:
• 1 Common Share of 01 Quantum Inc.
• ½ of a Common Share purchase warrant (full warrant exercisable at $0.75 per share).
• Warrant terms: Exercisable for 36 months from closing; strike price $0.75.
• Agent compensation: Hampton Securities received a cash fee equal to 7% of gross proceeds (~$164,500) and was issued 342,475 compensation options (each option allows purchase of one Common Share at the offering price for 36 months).
• Compensation options hold period: Shares issued upon exercise are subject to a lock‑up that expires 4 months + 1 day after issuance; options are non‑transferable.
• Use of proceeds:
• Advance product development initiatives.
• Expand product development, sales, and marketing teams.
• Accelerate commercialization efforts of quantum‑era cybersecurity technology.
• General working capital needs.
• Regulatory basis: Issuance relied on NI 45-106 Part 5A and Coordinated Blanket Order 45‑935; securities are exempt from resale restrictions under the exemption.

Notable Quotes

(No executive quotes were included in the release.)