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2 clusters · 8 sources · 4 days · First seen · Last updated

Quantum eMotion acquisition of Plurilock Security

Overview

Quantum eMotion Corp. has entered an agreement to acquire Plurilock Security Inc. for approximately C$33.8 million. The transaction is structured as a court-approved plan of arrangement involving a combination of cash and shares, specifically C$0.084 in cash and 0.0763 Quantum eMotion shares per Plurilock share.

The merger is intended to combine Plurilock’s AI-focused cybersecurity and identity technology with Quantum eMotion’s quantum random number generation and cryptographic tools.

As the process moves forward, Quantum eMotion is approaching a shareholder vote regarding the acquisition. To support the transaction, the company has committed to a bridge financing facility of up to C$2,000,000.

Entities

Plurilock Security Inc. · Quantum eMotion Corp. · Quantum eMotion · Deutz · Hypercraft

Timeline

  1. [BUSINESS] 3 sources
    Quantum eMotion and Deutz undergo strategic financial shifts

    Quantum eMotion prepares for a shareholder vote on the C$33.8 million acquisition of Plurilock Security, while Deutz manages a 179 million euro capital increase to fund technological transformations.

  2. [BUSINESS] 5 sources
    Quantum eMotion to acquire Plurilock Security for C$33.8M

    Montreal-based Quantum eMotion Corp. has agreed to acquire Vancouver-based Plurilock Security Inc. for approximately C$33.8 million in a deal combining cash and shares.

Sources

ad-hoc-news.de · betakit.com · digitalbusiness-magazin.de · innovations.fr · it-boltwise.de · kapitalmarktexperten.de · mugglehead.com · quantumzeitgeist.com