Quanome Technologies, Inc. said its indirect wholly owned subsidiary XDT Infrastructure I, LLC received a US$13.5 million first milestone payment from an enterprise customer toward a customer prepayment. The prepayment is payable in tranches tied to procurement milestones, and XDT intends to apply it substantially toward server procurement and the related build-out of dedicated capacity.
The customer’s initial order has a 60-month commitment beginning on the service-ready date and a total commitment value exceeding US$100 million, payable as a fixed monthly commitment fee that is not reduced for usage below committed levels. Service commencement is subject to applicable service-start conditions. XDT entered two purchase agreements, each covering 32 GPU server units at approximately US$18.8 million; delivery to a designated U.S. data center is expected, subject to commercial, supply-chain and operational conditions.
Quanome Technologies, Inc. entered into an at-the-market offering agreement under which it may offer and sell common stock with an aggregate offering price of up to US$9,754,475 through Maxim Group LLC, acting as sales agent or principal. Any shares sold are to be issued under the company’s Form S-3 shelf registration statement, declared effective October 16, 2026; a related prospectus supplement was filed October 21, 2026.
For each sales instruction, Quanome may set the maximum share or dollar amount, sales period, daily limit and minimum price. Maxim Group agreed to use commercially reasonable efforts consistent with its normal trading and sales practices to sell the instructed shares, subject to conditions Quanome must meet. For shares sold through Maxim Group as sales agent, Quanome pays a 3.0% fee on gross sales price. The company also agreed to reimburse reasonable expenses, including legal counsel fees and disbursements not exceeding $40,000, plus certain periodic due diligence and related counsel fees. Quanome intends to use net proceeds, if any, for working capital, general corporate purposes, business development and potential strategic transactions, including acquisitions; it has no obligation to sell shares.
Quanome Technologies, Inc. (QNME) may issue and sell common stock through an at-the-market offering with an aggregate offering price of up to approximately $9,754,475. At the assumed price of $0.474 per share, the offering covers up to 20,579,061 shares; actual issuance will vary with sale prices. Maxim Group LLC may act as agent or principal and receive a commission of up to 3% of gross proceeds. Net proceeds are intended for working capital and general corporate purposes, business development and potential strategic transactions, including acquisitions; Quanome has no definitive acquisition plans for these proceeds.
Quanome had 34,427,559 shares outstanding as of October 20, 2026. It distributes pharmaceuticals in China and began AI compute-capacity and managed-inference activities through U.S. subsidiaries in September 2026; customer-service commencement remains subject to conditions. It has until January 4, 2027, in a second 180-calendar-day Nasdaq compliance period, to regain the $1.00 minimum bid price; the company stated it may effect a reverse split if necessary. PRC regulatory oversight and cross-border fund-transfer restrictions are disclosed risks.
Quanome Technologies, Inc. (QNME) announced that its indirect wholly owned subsidiary, XDT Infrastructure I, LLC, entered into a Master Services Agreement and initial order with an enterprise customer for dedicated AI computing capacity. The order is XDT’s first customer agreement and has a 60-month term beginning on the service-ready date, with a total commitment value exceeding $100 million. Subject to applicable service-start conditions, XDT currently expects service to commence within approximately two months.
Separately, Quanome entered into a purchase agreement and related purchase order for 32 additional GPU server units at an aggregate price of approximately US$18.8 million. Delivery to a designated U.S. data center is expected, subject to applicable commercial and operational conditions.
Quanome stated that actual results and timing may differ materially from forward-looking expectations, including those for service commencement, server delivery and the order’s anticipated value.
Quanome Technologies, Inc. (QNME) entered into an agreement on September 29, 2026, to purchase 32 additional GPU server units from Compal Electronics for approximately US$18.8 million. A 20% down payment is due after Quanome receives the supplier’s written order acknowledgment; the remaining 80% is payable after shipment-readiness confirmation and before shipment, subject to applicable conditions. Delivery is expected at a designated U.S. data center. Completion remains subject to payment obligations, supplier production and delivery, product registration, supply-chain requirements and other commercial and operational conditions.
Indirectly wholly owned subsidiary XDT Infrastructure I, LLC agreed to provide XPERT SOFTWARE SOLUTIONS PTE. LTD. with AI inference computing capacity on NVIDIA accelerated computing infrastructure. The initial order commits approximately $100.9 million in fees over 60 months commencing on service readiness, payable as a fixed monthly fee that is not reduced for usage below committed levels. A customer prepayment of approximately $45.0 million is payable in two tranches tied to server procurement milestones; as of September 29, 2026, none had become due or been paid. XPERT expects XDT to apply the prepayment substantially toward server procurement and dedicated-capacity build-out.
On September 28, 2026, Quanome Technologies, Inc. (QNME) entered into a revolving loan agreement with its Chairman and Chief Executive Officer, Yang Li, under which the company may request advances with aggregate principal outstanding of up to $15.0 million at any time. Each advance requires Li’s written approval. Amounts borrowed and repaid may be reborrowed during the draw period, and the company may prepay outstanding amounts at any time without premium or penalty. Funded amounts bear interest at 6.0% per annum, payable monthly in arrears; proceeds may be used for working capital and general corporate purposes.
The agreement matures three months after its effective date. If Li ceases to serve as both Chairman and CEO, all outstanding amounts become due and payable 30 calendar days after he ceases serving in the second capacity. The Audit Committee, composed solely of three independent directors, independently reviewed and approved the transaction. Li disclosed his interest and did not participate in the committee’s deliberations or vote.
Quanome Technologies, Inc. (QNME) may offer and sell up to $120,000,000 in aggregate of common stock, preferred stock, debt securities, warrants, rights and units from time to time after effectiveness. Each offering requires a prospectus supplement. While its public float remains below $75 million, the value of public primary offerings under the shelf is limited to no more than one-third of public float in any 12-month period; reported float was approximately $29,263,425 as of October 1, 2026.
After transferring American Bear Logistics Corp.’s operations to an unrelated third party on February 12, 2026, Quanome says substantially all its existing commercial business is pharmaceutical distribution through Hupan Pharmaceutical in China. Its AI compute initiative began in September 2026 and includes an agreement to purchase 32 servers, but had no executed customer contracts or revenue; its quantum-related activities also had not generated revenue as of the prospectus date.
Quanome reported approximately US$12.7 million in aggregate funding to its PRC subsidiaries and no subsidiary dividends to the parent. It describes PRC currency and cross-border transfer restrictions as limits on moving funds. It also reported an additional 180-calendar-day period through January 4, 2027 to regain Nasdaq minimum bid-price compliance.
Quanome Technologies, Inc. reported fiscal 2026 revenue of $5,850,681, up 111.8% from $2,762,465 in fiscal 2025; fiscal 2025 included only a partial year of pharmaceutical distribution. Gross profit was $3,315,042. Continuing-operations net loss was $10,138,418 versus $1,898,782, and total net loss was $9,484,030. Results included a $2,859,594 supplier-advance write-off and a $2,256,647 provision for expected credit losses on third-party loans.
The ABL Chicago disposition was effective February 12, 2026, and generated a $2,556,315 gain. Cash was $670,281 as of June 30, 2026, and net cash used in continuing operating activities was $3,183,694. The auditor cited substantial doubt about the company’s ability to continue as a going concern.
Pharmaceutical distribution generated revenue; quantum-related activities did not. AI compute services remained early-stage without executed customer contracts or revenue, although the company agreed to purchase 32 servers. The name change took effect August 3, 2026; QNME trading under the new name began August 4 on the Nasdaq Capital Market.
Quanome Technologies, Inc. (QNME) said it entered into an approximately US$18.8 million purchase agreement on September 16, 2026, for computing infrastructure powered by NVIDIA GPU technology, through its subsidiary XDT Infrastructure I, LLC. Quanome expects its first U.S. AI infrastructure hub to be operational from Q4 2026, subject to delivery and deployment.
The company describes XDT as a planned AI cloud business offering managed access to computing capacity, with the potential to build recurring revenue from computing services. The amendment corrects the cover-page information for the company’s principal executive office and telephone number; it states that no other items or disclosures were amended.