Hampton Securities Limited Announces Closing of $3.45 Million LIFE Offering for SuperQ Quantum Computing Inc.

Executive Summary

• SuperQ Quantum Computing Inc. closed a private placement of 3,285,713 units at $1.05 per unit, generating $3.45 million in gross proceeds.
• Each unit includes one common share and one warrant to purchase an additional share at $1.40 for up to 36 months; broker warrants were also issued to the placement agent.
• Net proceeds are earmarked for quantum‑hardware development, lab facilities, staffing, software/equipment acquisition, research, product development, and general working capital.

Key Details

• Units sold: 3,285,713 (including full exercise of over‑allotment option)
• Offering price per unit: $1.05
• Aggregate gross proceeds: $3,450,000
• Unit composition: 1 common share + 1 share purchase warrant (exercise price $1.40, term 36 months)
• Broker compensation: 7% cash commission of gross proceeds plus non‑transferable broker warrants equal to 7% of units issued; broker warrants exercisable at the issue price for 36 months, subject to a hold period of 4 months + 1 day.
• Use of proceeds: Funding quantum hardware development (human resources, lab facilities, software and equipment), research & product development, and general working capital.
• Exemptions relied upon: Part 5A of NI 45‑106 and Coordinated Blanket Order 45‑935; no hold period for units, but broker warrants have a 4‑month + 1‑day hold period under Canadian securities law.

Notable Quotes

(No executive quotes were included in the release.)