SuperQ Quantum arranges $3-million financing

Executive Summary

• SuperQ Quantum Computing Inc. announced a brokered private placement for up to $3,000,000 of units at $1.05 per unit, with minimum gross proceeds of $1.75 million.
• Each unit consists of one common share and one warrant to purchase an additional share at $1.40 for 36 months; the agent also received a green‑shoe option for up to 428,571 extra units ($450,000).
• Net proceeds will fund quantum hardware development, lab facilities, software/equipment acquisition, personnel hiring, and general working capital.

Key Details

• Lead Agent/Bookrunner: Hampton Securities Ltd. (sole lead agent).
• Units Offered: Minimum 1,666,666 units; maximum 2,857,142 units.
• Pricing: $1.05 per unit.
• Gross Proceeds Range: $1.75 million (minimum) to $3.0 million (maximum).
• Warrant Terms: One warrant per unit, exercisable at $1.40 per share for 36 months from closing.
• Agent Option (Green‑shoe): Up to 428,571 additional units at the offering price, providing up to $450,000 extra gross proceeds; exercisable up to 48 hours before closing.
• Use of Proceeds: Quantum hardware development (human resources, lab facilities, software, equipment), research and product development, and general working capital.
• Offering Exemption: Conducted under NI 45‑106 Part 5A prospectus exemptions; available to Canadian investors (excluding Quebec) and qualified non‑Canadian jurisdictions on a private placement basis. No hold period for Canadian subscribers.
• Closing Date: Expected on or about Oct. 24, 2025, subject to regulatory approvals and other closing conditions.
• Agent Compensation:
• Cash fee equal to 7.0 % of gross proceeds (including option).
• Issuance of compensation options equal to 7.0 % of total units issued; each option allows purchase of one share at $1.05 for 36 months from closing.

Notable Quotes

No direct quotes were provided in the release.