Announcement • 22h
QuantumCore Ltd announced that it has received CAD 5.11389 million in funding On August 18, 2026, QuantumCore Ltd closed the transaction. The company issued 213,000 common shares at an issue price of CAD 2 for gross proceeds of CAD 426,000 in the second and final tranche. In total the company has issued 2,556,945 common shares in the capital of the company at a price of CAD 2.00 per Share for aggregate gross proceeds of CAD 5,113,890. All Shares issued pursuant to the Offering are subject to a hold period of four months and one day from their respective dates of issuance in accordance with applicable Canadian securities laws. Announcement • Aug 05
QuantumCore Ltd announced that it expects to receive CAD 4.2696 million in funding QuantumCore Ltd announced a non-brokered private placement to issue 2,134,800 common shares at an issue price of CAD 2 for gross proceeds of CAD 4,269,600 on August 4, 2026. The offering is expected to be completed with a strategic investor based in the United States. Closing of the offering remains subject to customary conditions, including receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange. The offering is expected to close on or about August 7, 2026. All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance in Canada in accordance with applicable securities laws. As part of the offering, the investor will be granted a participation right entitling it to maintain its pro rata ownership in the company by participating in future equity and quasi-equity financings (subject to customary exceptions), for so long as it holds at least 100,000 common shares. This right is subject to customary exercise procedures and will expire no later than August 6, 2029. Board Change • Aug 04
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Rory McGillis is the most experienced director on the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 