Integrated Quantum Technologies Announces Non-Brokered Private Placement of Common Shares

Executive Summary

• Integrated Quantum Technologies announced a non‑brokered private placement of 1,500,000 common shares at C$1.00 per share for gross proceeds of $1,500,000.
• The shares are subject to a four‑month hold period under Canadian securities law.
• Net proceeds will be used for general working capital and software development.

Key Details

• Offering Size: 1,500,000 common shares.
• Price per Share: C$1.00.
• Gross Proceeds: $1,500,000 (CAD).
• Hold Period: Four months from the closing date, as required by Canadian securities regulations.
• Use of Proceeds: General working capital and software development activities for Integrated Quantum’s AIQu platform and VEIL product.
• Closing Conditions: Subject to submission of all required forms to the Canadian Securities Exchange (CSE) and receipt of any necessary regulatory approvals.
• Regulatory Disclaimer: Shares are not registered under the U.S. Securities Act and may not be offered or sold in the United States absent an exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)