Quantum eMotion Corp. Grants Stock Options

Rhea-AI Summary

Quantum eMotion Corp (TSXV: QNC, OTCQB: QNCCF) has announced the granting of 3,920,000 stock options to its officers and employees. The options are exercisable at $0.69 per share, will vest immediately, and expire on March 20th, 2035.

This grant is part of the company's long-term compensation and employee retention incentives program and follows the successful completion of the LIFE offering, which resulted in the company receiving approximately $2.25 million through the exercise of 15 million common share purchase warrants.

Positive

• Raised $2.25 million through warrant exercises
• Immediate vesting of stock options provides instant value to employees

Negative

• Potential shareholder dilution from 3.92 million new stock options

Montreal, Quebec--(Newsfile Corp. - March 21, 2025) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (FSE: 34Q0) ("QeM" or the "Corporation") announces that it has granted an aggregate of 3,920,000 stock options (each, an "Option") to officers and employees of the Corporation in accordance with the Corporation's stock option plan.

Each Option is exercisable for one common share in the capital of QeM (a "Share") at a price of $0.69 per Share. The Options were granted as part of the long-term compensation and employee retention incentives program provided by the Corporation, as well as in accordance with the terms of employment contracts. The Options will vest immediately and will expire on March 20^th, 2035.

This grant follows the successful completion of the LIFE offering and the receipt of approximately $2.25 million through the exercise of 15 million common share purchase warrants and demonstrates the strong commitment and confidence to execute the corporation's plan.

About Quantum eMotion

The Corporation's mission is to address the growing demand for affordable hardware and software security for connected devices. Thanks to its patented Quantum Random Number Generator, QeM has become a pioneering force in classical and quantum cybersecurity solutions. This security solution exploits quantum mechanics' built-in unpredictability and promises to provide enhanced protection for high-value assets and critical systems.

The Corporation intends to target highly valued Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Krown Technologies and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography.

For further information, please visit our website at https://www.quantumemotion.com/ or contact:

Francis Bellido, Chief Executive Officer
Tel: 514.956.2525
Email: info@quantumemotion.com
Website: www.quantumemotion.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Corporation's periodic reports including the annual report or in the filings made by QeM from time to time with securities regulatory authorities.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245560

FAQ

How many stock options did Quantum eMotion (QNCCF) grant in March 2025?

Quantum eMotion granted 3,920,000 stock options to officers and employees.

What is the exercise price for QNCCF's March 2025 stock options?

The stock options are exercisable at $0.69 per share.

When do the March 2025 QNCCF stock options expire?

The stock options will expire on March 20th, 2035.

How much capital did QNCCF raise through warrant exercises before the options grant?

QNCCF raised approximately $2.25 million through the exercise of 15 million common share purchase warrants.