Corporate ActionJun 5, 2026, 04:12 PM
Quantum Cyber Terminates ATM Sales Agreement; Raised $4.39M
AI Summary
Quantum Cyber N.V. has terminated its at-the-market issuance sales agreement with Maxim Group LLC, effective June 7, 2026. The agreement, initially established on October 1, 2025, and amended on May 4, 2026, allowed the company to sell ordinary shares. Prior to its termination, Quantum Cyber N.V. sold 3,280,927 Ordinary Shares, generating net cash proceeds of approximately $4,388,515. The company confirmed that it is not subject to any termination penalties.
Key Highlights
- Quantum Cyber N.V. terminated its at-the-market issuance sales agreement with Maxim Group LLC.
- The sales agreement was originally dated October 1, 2025, and amended on May 4, 2026.
- The termination is effective as of June 7, 2026.
- Prior to termination, the company sold 3,280,927 Ordinary Shares.
- The sales generated net cash proceeds of approximately $4,388,515.
- No termination penalties were incurred by the company.
Price Impact
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