Quantum Computing Inc. completed its acquisition of NuCrypt, LLC on March 5, 2026, for $5 million in cash and common stock, making NuCrypt a wholly-owned subsidiary to advance quantum communications commercialization. This integrates NuCrypt's technologies with QCi's photonics portfolio, enhancing capabilities in secure communications.
Key takeaways
Acquisition of NuCrypt, LLC completed on March 5, 2026
Transaction valued at $5 million paid in cash and QCi common stock
NuCrypt operates as wholly-owned subsidiary of Quantum Computing Inc.
NuCrypt founded in 2003, member of Chicago Quantum Exchange and QED-C
NuCrypt's technologies used by NASA, U.S. Army Research Laboratory, and international customers
Combined companies to showcase at OFC Conference March 17-19, 2026 in Los Angeles