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 privately placed financing of 4,892,499 units at $0.48 per unit, generating gross proceeds of approximately $2.35 M.
• Each unit includes one common share and half of a warrant exercisable at $0.75 for up to 36 months; the placement also issued 342,475 compensation options to the agent.
• Net proceeds will be used to fund product development, expand sales/marketing teams, accelerate commercialization of quantum‑era cybersecurity technology, and support general working capital.

Key Details

• Units sold: 4,892,499 units @ $0.48 per unit → gross proceeds ≈ $2,348,399.
• Unit composition: 1 common share + ½ warrant (full warrant exercisable at $0.75 for 36 months).
• Warrant terms: Exercise price $0.75; term 36 months from closing.
• Agent compensation: Hampton Securities received a cash fee equal to 7% of gross proceeds (~$164,388) and was issued 342,475 compensation options (each option allows purchase of one common share at the offering price for 36 months).
• Compensation option restrictions: Non‑transferable; securities issued on exercise subject to a hold period expiring four months and one day after issuance.
• Use of proceeds: Advance product development initiatives, expand product development and sales/marketing teams, accelerate commercialization efforts, and general working capital needs.
• Exemption relied upon: Part 5A of NI 45‑106 (Coordinated Blanket Order 45‑935) – prospectus exemption; securities not subject to resale restrictions.

Notable Quotes

(No executive quotes were included in the release.)