AcquisitionsJul 2, 2026, 02:26 PM
BTQ Technologies Finalizes QPerfect Acquisition
AI Summary
BTQ Technologies Corp. announced it has received final regulatory approval from French Foreign Direct Investment authorities for the full acquisition of QPerfect SAS, a French quantum computing company. This acquisition significantly expands BTQ's technology stack by adding QPerfect's MIMIQ™ quantum emulator, Digital Twin capabilities, and Quantum Logical Unit, advancing BTQ's mission of building trusted quantum technologies. The total purchase price includes a closing consideration of €18.6 million and an earnout payment of up to €5.7 million, paid in a mix of cash and BTQ common shares. The deal strengthens BTQ's European R&D presence in Strasbourg, France.
Key Highlights
- Received final regulatory approval from French FDI authorities for QPerfect acquisition.
- Acquisition adds QPerfect's MIMIQ™ quantum emulator, Digital Twin, and Quantum Logical Unit to BTQ's technology stack.
- Closing consideration totaled €18,592,242.83, comprising €2,024,000.13 cash and €16,568,242.70 in 2,195,929 common shares.
- Earnout payment up to €5,672,680.72, consisting of €440,604.07 cash and €5,232,076.65 in 693,450 common shares.
- Common shares issued at approximately €7.54 per share based on applicable trading price.
- QPerfect's CEO, Philippe Blot, continues in his role and received 198,808 restricted share units.
- Acquisition anchors BTQ's European R&D activities in Strasbourg, France.
Price Impact
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