Management ChangeMay 15, 2026, 04:38 PM
Quantum X Labs Appoints Yakov Baranes as Co-Chief Executive Officer
AI Summary
Quantum X Labs Inc. announced the appointment of Mr. Yakov Baranes as co-Chief Executive Officer, effective May 18, 2026. He will serve alongside current CEO Mr. Amihay Hadad. Mr. Baranes, a business strategy expert, previously led Quantum Israel, a subsidiary acquired by the company, and will receive a monthly base salary of NIS 36,000 plus an additional NIS 24,000 for services to Quantum Israel. He also received shares and warrants related to the acquisition of Quantum Israel, with potential for more upon milestone achievement.
Key Highlights
- Quantum X Labs Inc. appointed Yakov Baranes as co-Chief Executive Officer, effective May 18, 2026.
- Mr. Baranes will join Amihay Hadad, who will continue as co-CEO.
- Mr. Baranes previously led initial activities for Quantum Israel, a wholly-owned subsidiary acquired in March 2026.
- He will receive a base salary of NIS 36,000 + VAT per month, plus NIS 24,000 + VAT for services to Quantum Israel.
- Mr. Baranes received 103,373 shares of common stock and pre-funded warrants for 246,387 shares in connection with the Quantum Israel acquisition.
- He may receive up to an additional 703,710 shares or pre-funded warrants upon achieving certain milestones.
Price Impact
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