Hampton receives commission for SuperQ offering

Mr. Dave Rice of Hampton reports HAMPTON SECURITIES LIMITED ANNOUNCES CLOSING OF $3.45 MILLION LIFE OFFERING FOR SUPERQ QUANTUM COMPUTING INC. Hampton Financial Corp. subsidiary Hampton Securities Ltd. has seen the closing of a commercially reasonable effort private placement of 3,285,713 units at a price of $1.05 per unit of SuperQ Quantum Computing Inc. for aggregate gross proceeds of $3.45-million, including the exercise in full of the overallotment option. Each unit consists of one common share in the capital of the company and one share purchase warrant. Each warrant entitles the holder thereof to acquire one additional share at a price of $1.40 per share for a period of 36 months from the closing of the offering. As consideration for its services, Hampton received a cash commission equal to 7 per cent of the gross proceeds of the offering and was issued non-transferable broker warrants equal to 7 per cent of the number of units issued pursuant to the offering. Each broker warrant is exercisable to acquire one share at the issue price for a period of 36 months from the closing of the offering. The company intends to use the net proceeds from the offering to obtain resources for quantum hardware development, including human resources, lab facilities, software and equipment, to conduct research and product development, and for the general working capital needs of the company. The units were sold pursuant to Part 5A of National Instrument 45-106 (Prospectus Exemptions) as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption), and are not subject to a hold period pursuant to applicable Canadian securities laws. The broker warrants are subject to a hold period of four months and one day from the closing of the offering. About Hampton Securities Ltd. Hampton Securities is a full-service investment dealer based in Toronto. HSL is actively engaged in family office, wealth management, institutional services and capital market activities where it provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad. HSL is regulated by the Canadian Investment Regulatory Organization and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario and Quebec. In addition, the company, through HSL, provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad, and HSL's corporate finance group provides early-stage, growing companies the capital they need to create value for investors. HSL continues to develop its wealth management, advisory team and principal agent programs, which offer to the industry's most experienced wealth managers a unique and flexible operating platform that provides additional freedom, financial support and tax effectiveness as they build and manage their professional practice. Hampton Securities is a wholly owned subsidiary of Hampton Financial. We seek Safe Harbor.