Quantum Emotion Announces an Amendment to Its Stock Option Plan
Rhea-AI Summary
Quantum eMotion (OTCQB: QNCCF), a quantum-secure technologies developer, has announced modifications to its stock option plan. The key changes include increasing the maximum number of common shares reserved for stock option exercises from 15,000,000 to 24,750,000. The amendment was approved by the Board on May 16, 2025, and ratified by shareholders on June 26, 2025.
The company also updated the plan to clarify certain terms and ensure compliance with TSX Venture Exchange policies.
Positive
- None.
Negative
- Potential dilution risk with 9.75 million additional shares reserved for stock options
News Market Reaction 1 Alert
On the day this news was published, QNCCF gained 3.37%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Montreal, Quebec--(Newsfile Corp. - July 3, 2025) - Quantum eMotion Corp., (TSXV: QNC) (OTCQB: QNCCF) (FSE: 34Q0) ("QeM" or the "Company"), a developer of quantum-secure technologies, announces an amendment to its stock option plan, approved by the Board on 16 May 2025 and ratified by the shareholders of the Corporation at the annual general meeting of shareholders held on 26 June 2025, in order to increase from 15,000,000 to 24,750,000 the maximum number of common shares reserved for issuance upon exercise of stock options. The stock option plan was also updated to clarify certain terms and ensure compliance with the policies of the TSX Venture Exchange.
About QeM
The Company aims to address the growing demand for affordable hardware and software security for connected devices. QeM has become a pioneering force in classical and quantum cybersecurity solutions thanks to its patented Quantum Random Number Generator, a security solution that exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced protection for high-value assets and critical systems.
The Company intends to target highly valued Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Networks 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 Quantum from time to time with securities regulatory authorities.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257789
FAQ
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