01 Quantum arranges financing of 48-cent units

Executive Summary

• 01 Quantum Inc. has entered into an agreement for a brokered private placement financing with Hampton Securities Ltd. as the sole lead agent.
• The company aims to raise a minimum of $2,000,000 and a maximum of $3,000,000 through the sale of units at $0.48 per unit.
• Net proceeds will be utilized for product development, team expansion, commercialization of technology, and general working capital.

Key Details

• Financing Structure: Brokered life financing via private placement under National Instrument 45-106.
• Units Offered: Minimum of 4,116,666 units; Maximum of 6,250,000 units.
• Price: $0.48 per unit.
• Gross Proceeds: Minimum $2,000,000; Maximum $3,000,000.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one share at an exercise price of $0.75. Warrants are exercisable for a period of 36 months from the closing of the offering.
• Over-Allotment Option: The agent has an option to purchase up to an additional 937,500 units at $0.48 per unit for additional gross proceeds of up to $450,000.
• Use of Proceeds: Advancing product development initiatives, expanding product development and sales/marketing teams, accelerating commercialization of technology and commercial applications, and general working capital needs.
• Agent Compensation:
  • Cash fee: 7% of gross proceeds (including the option).
  • Compensation options: 7.0% of the aggregate number of units issued (including the option), entitling the agent to purchase one share at the offering price ($0.48) for 36 months from closing.
• Closing Date: Expected on or about October 9, 2025.
• Conditions: Closing is subject to necessary approvals, including TSX Venture Exchange approval.
• Jurisdiction: Offered to purchasers resident in Canada (excluding Quebec) and other qualifying jurisdictions outside Canada. No hold period for Canadian subscribers.

Notable Quotes

• None provided in the text.