QSEGF offers 6.67M units to fund platform expansion and working capital, with warrants exercisable at $0.65 per share.
Quantum Secure Encryption (QSEGF) has launched a $3M non-brokered private placement to support its commercial growth. The offering includes 6.67M units priced at $0.45 each, with each unit comprising one common share and half a warrant. Full warrants can be exercised at $0.65 per share for two years.
Proceeds will be allocated toward expanding the QSE platform’s commercialization and general working capital. The company did not disclose prior fundraising rounds or consensus expectations for this raise.
No immediate market reaction was reported following the announcement.