Earnings
Quantum eMotion Announces Issuance of Q3 Financial Reports and Clarification Regarding Previously Disclosed Stock Options Grants

QNC · Price
Executive Summary
- QeM released its Q3 2025 financial statements and MD&A, reporting cash of $24.7 million after warrant exercises that generated $6.3 million in additional proceeds.
- The company clarified several prior stock‑option disclosures, correcting grant counts, exercise prices, and term lengths for options issued to senior officers and directors.
- On 31 Mar 2025 the corporation cancelled 950,000 stock options (600k from a director, 350k from the CFO) that carried an $0.27 exercise price and ten‑year terms.
Key Details
- Financial Highlights – Net proceeds from LIFE offerings in H1 2025: $20.3 M; warrants exercised Q3 2025: 15.3 M warrants for $6.3 M cash; ending cash balance $24.7 M.
- MD&A Availability – Consolidated Financial Statements and MD&A for the three‑ and nine‑month periods ended 30 Sep 2025 are posted on the company website and SEDAR+.
- Stock Option Corrections –
- Original March 21 2025 release misstated total options granted; correct figure: 3,820,000 (down from 3,920,000).
- February 19 2021 announcement: 2,500,000 CEO options at $0.185 exercise price, ten‑year term (expires 02 Feb 2031).
- Same date: 500,000 director options at $0.185, seven‑year term (expires 27 Jan 2028).
- December 23 2020 announcement: 750,000 CEO options at $0.065, ten‑year term (expires 23 Dec 2030).
- December 18 2020 announcement: 300,000 CFO options at $0.05, ten‑year term (expires 17 Dec 2030).
- Option Cancellations – On 31 Mar 2025 the corporation, with holder consent, cancelled:
- 600,000 director options (exercise price $0.27, ten‑year term) originally granted 30 Dec 2024.
- 350,000 CFO options (same terms) also from the 30 Dec 2024 grant.
Notable Quotes
- “These results position us favorably to invest in R&D and accelerate our transition to commercialisation, including expanding our presence in the United States.” – Francis Bellido, CEO
Materiality Assessment: Material – Positive (significant cash resources disclosed; corrections to equity compensation that affect shareholder perception).
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Jun 12, 2026 · 09:20