SuperQ Quantum Seeks C$4.0 Million Financing at C$0.78 a Unit for Expansion and R&D
Updated
Updated · Quantum Zeitgeist · Jun 16
SuperQ Quantum Seeks C$4.0 Million Financing at C$0.78 a Unit for Expansion and R&D
1 articles · Updated · Quantum Zeitgeist · Jun 16
Summary
SuperQ Quantum is marketing up to C$4,000,620 in a brokered offering of 3.2 million to 5.13 million units, with closing targeted around June 30.
Each C$0.78 unit includes one common share and one warrant exercisable at C$1.00 for 24 months, though warrants cannot be used during the first 60 days after closing.
Canaccord Genuity is leading the deal and can raise the offering size by 15% through an agent's option exercisable up to 48 hours before closing.
Net proceeds are earmarked for regional expansion, research and development, and general corporate purposes, subject to Canadian Securities Exchange and other regulatory approvals.
The agent will receive a 7% cash fee and compensation warrants equal to 7% of units issued, underscoring the financing costs as SuperQ seeks to scale in quantum computing.