QNC · Quantum eMotion Corp.

Quantum eMotion Corp. has completed a strategic acquisition of SKV Technology Inc., a California-based cybersecurity company, through which it gains ownership of the SecureKey™ platform. This transaction represents a significant expansion of Quantum's technology portfolio, specifically aimed at enhancing its quantum-secure cybersecurity solutions. The acquisition consideration is structured around performance-based milestones, with up to $7 million in earn-out payments tied to the successful technical integration of SecureKey™ with Quantum's existing Sentry-Q technology to create a full-stack quantum-resilient security architecture. Additionally, Quantum will pay royalties of up to $15 million over five years based on sales of products incorporating the SecureKey™ technology. The earn-out payments offer flexibility, with up to $5.5 million payable in cash, common shares, or a combination, with shares priced at a minimum of $4.1905. This acquisition aligns with Quantum's mission to address security for connected devices and expands its target markets to include financial services, healthcare, blockchain, and government sectors. The transaction was previously announced and detailed in news releases dated February 27, 2026, and April 2, 2026.