Recent Updates — IINNW
Nasdaq notified QTREX Quantum Ltd. that its ordinary shares traded below the $1.00 minimum bid price for 30 consecutive business days from August 20 through October 1, 2026. The company has 180 calendar days, until April 3, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. Since the measurement period ended on October 1, shares have traded above $1.00 for six consecutive days. The notification has no immediate effect on listing or trading status. QTREX Quantum Ltd. is a technology company focused on advanced connectivity and electronics manufacturing solutions for quantum computing and other advanced hardware markets.
On September 2, 2026, Qtrex Quantum Ltd. announced that one of Israel's three largest defense companies has begun immediate deployment of the company's Additively Manufactured Electronics (AME) technology for a joint development program focused on strategic systems operating at physical limits of precision and performance. The agreement includes exclusivity provisions and outlines a potential phased commercial pathway toward broader AME system rollouts, with aggregate revenue for Qtrex in the tens of millions of dollars. The partner's identity remains undisclosed due to contractual confidentiality obligations. The joint program involves customized R&D, advanced materials, and process optimization to produce next-generation AME systems built to the partner’s specifications. The initial commercial pathway begins with immediate system deployment and associated recurring consumables revenue, followed by procurement of tailored AME systems representing a direct and scalable revenue opportunity. Qtrex Quantum Ltd. operates in the technology sector, focusing on advanced connectivity and electronics manufacturing solutions for next-generation hardware markets, including quantum computing infrastructure and defense applications.
On August 20, 2026, Qtrex Quantum Ltd. entered into a Securities Purchase Agreement to issue and sell 11,111,111 ordinary shares in a registered direct offering at $0.90 per share, generating approximately $10 million in gross proceeds before fees. A.G.P./Alliance Global Partners served as the exclusive placement agent for a fee of 7.0% plus reimbursement of up to $50,000 in expenses and $12,500 in non-accountable costs. The closing is expected on or about August 21, 2026, subject to customary conditions. Proceeds will be used for working capital and general corporate purposes. Qtrex Quantum Ltd. operates in the technology sector, focusing on additively manufactured electronics for quantum computing infrastructure, defense, aerospace, and medical technologies.