Recent Updates — QNC

Quantum eMotion Corp. has entered into an Arrangement Agreement to acquire Plurilock Security Inc. under a plan of arrangement governed by the British Columbia Business Corporations Act. The transaction provides shareholders and holders of restricted share units with C$0.084 in cash and 0.0763 shares of Quantum eMotion for each security held. Key conditions include approval by two-thirds of votes cast at a company meeting, regulatory clearances including CFIUS, and stock exchange approvals. The deal is expected to close on or before January 29, 2027, subject to satisfaction of closing conditions. Quantum eMotion Corp. operates in the cybersecurity industry, providing security solutions and services.

Quantum eMotion Corp. announced a definitive agreement to acquire Plurilock Security Inc. in an all-in transaction valued at approximately C$33.8 million. The consideration consists of 70% Quantum eMotion common shares and 30% cash, translating to C$0.084 in cash and 0.0763 Quantum eMotion shares per Plurilock share. This implies a total value of C$0.28 per Plurilock share, representing a roughly 100% premium over its 20-day volume-weighted average price as of September 25, 2026. The acquisition aims to accelerate Quantum eMotion's commercialization by combining its quantum-secure technologies with Plurilock’s established cybersecurity revenue base and public-sector procurement channels. Quantum eMotion is a developer of quantum-secure cybersecurity technologies.