Mr. Alan Guibord reports
INTEGRATED QUANTUM TECHNOLOGIES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF COMMON SHARES
Integrated Cyber Solutions Inc. (Integrated Quantum) has arranged a non-brokered private placement financing of 1.5 million common shares in the capital of the company at a price of $1 per share for aggregate gross proceeds of $1.5-million. The shares sold pursuant to the offering will be subject to a four-month hold period pursuant to securities laws in Canada.
The company intends to use the net proceeds of the offering for general working capital and software development.
The closing of the offering is subject to certain conditions, including, but not limited to, the submission of all required forms to the Canadian Securities Exchange.
About Integrated Cyber Solutions Inc. (Integrated Quantum)
Integrated Quantum is building quantum-ready infrastructure to help secure and scale artificial intelligence. The company's AIQu platform underpins its product strategy for privacy-preserving and resilient AI (artificial intelligence) systems and Veil is its first product, designed to protect sensitive AI data and workflows in enterprise environments. The company's proprietary technologies address the threats of emerging postquantum security risks, increasing compute demands and the complexity of deploying AI at scale.
We seek Safe Harbor.
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