BTQ Technologies Corp. successfully raised capital through a private placement to advance its quantum computing memory product.
BTQ Technologies Corp. has successfully closed its private placement, raising funds through the sale of 3,355,704 common shares at a price of \u20ac per share. The placement was led by acted as the sole bookrunner, while A.G.P./Alliance Global Partners acted as the sole U.S. agent. The shares were sold under the listed issuer financing exemption (LIFE Exemption) in British Columbia, Alberta, and Ontario.
The company intends to utilize the net proceeds for general corporate purposes, working capital, and the development of its quantum computation memory product. A.G.P. received non-transferable broker warrants for 5% of the total shares sold, exercisable for one common share at \u20ac per warrant over a period of 60 months. Securities offered in this placement are not registered under U.S. Securities Act or state securities laws and cannot be offered or sold to U.S. persons
QUANTUM COMPUTING PRIVATE PLACEMENT BTQ TECHNOLOGIES SECURITIES FINANCE
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