Integrated Cyber arranges $1.5-million financing

Executive Summary

• Integrated Quantum announced a non‑brokered private placement of 1.5 million common shares at $1.00 per share, raising gross proceeds of $1.5 million.
• The offering is subject to a four‑month hold period and closing conditions, including required filings with the Canadian Securities Exchange.
• Net proceeds will be allocated to general working capital and software development initiatives.

Key Details

• Placement Size: 1,500,000 common shares.
• Price per Share: $1.00 CAD.
• Gross Proceeds: $1,500,000 CAD.
• Hold Period: Four months pursuant to Canadian securities laws.
• Closing Conditions: Submission of all required forms to the Canadian Securities Exchange and other customary conditions.
• Use of Net Proceeds: General working capital and software development for the AIQu platform and related products.

Notable Quotes

(No executive quotes were provided in the release.)