[8-K] Quantum Cyber N.V. Reports Material Event
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Quantum Cyber N.V. terminated its at-the-market issuance sales agreement with Maxim Group LLC, effective June 7, 2026, under the agreement’s terms. This arrangement, originally dated October 1, 2025 and amended May 4, 2026, allowed the company to sell shares into the market over time.
Before ending the program, Quantum Cyber sold 3,280,927 Ordinary Shares for net cash proceeds of about $4,388,515. The company states it will not owe any termination penalties, so ending the agreement does not trigger extra costs.
Positive
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Negative
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8-K Event Classification
Item 1.02 — Termination of a Material Definitive Agreement
1 item
Item 1.02
Termination of a Material Definitive Agreement
Business
A significant contract was terminated, which may affect business operations or revenue.
FAQ
What did Quantum Cyber N.V. (MYNZ) disclose in this 8-K filing?
Quantum Cyber N.V. disclosed it is terminating its at-the-market issuance sales agreement with Maxim Group LLC, effective June 7, 2026. The filing explains past share sales under the program and confirms no termination penalties will be incurred.
How much cash did Quantum Cyber N.V. (MYNZ) raise through the ATM agreement?
The company raised about $4,388,515 in net cash proceeds from selling 3,280,927 Ordinary Shares under the Maxim at-the-market agreement. Net proceeds reflect cash received after commissions and related offering costs.
When does the termination of Quantum Cyber N.V.’s (MYNZ) ATM agreement become effective?
The termination of the at-the-market issuance sales agreement with Maxim Group LLC becomes effective on June 7, 2026. Quantum Cyber N.V. delivered the termination notice on June 2, 2026, in line with the agreement’s terms.
Does Quantum Cyber N.V. (MYNZ) owe any penalties for ending the ATM agreement?
No, Quantum Cyber N.V. reports it is not subject to any termination penalties for ending the at-the-market issuance sales agreement. This means the agreement can be discontinued without additional cash costs or contractual penalties.
Who was the counterparty to Quantum Cyber N.V.’s (MYNZ) ATM sales agreement?
The counterparty was Maxim Group LLC, which acted as sales agent under the at-the-market issuance sales agreement. Maxim facilitated the company’s Ordinary Share sales into the public market under that arrangement until the termination notice.