Integrated Quantum Technologies plans $2 million private placement

Integrated Cyber Solutions Inc. (CSE: ICS) (OTCQB: IGCRF) (FSE: Y4G), operating as Integrated Quantum Technologies, announced a non-brokered private placement offering of up to 4 million units at C$0.50 per unit for gross proceeds of up to $2 million.

Each unit consists of one common share and one-half of a common share purchase warrant. The warrants are exercisable at $0.75 per share for two years from issuance. The company stated it will use net proceeds for general working capital and software development.

The offering is expected to close on April 17, 2026, subject to conditions including submission of required forms to the Canadian Securities Exchange. The securities will be subject to a four-month hold period under Canadian securities laws.

The company also announced the appointment of Margaret Miller as Corporate Secretary effective April 7, 2026. Miller has over 15 years of experience in executive administration, corporate secretary and investor relations roles across Europe, Hong Kong, the United States and Canada.

In connection with Miller's appointment, the company entered into a management services agreement with Branson Corporate Services Ltd., where Miller serves as a director. Under the agreement, the company will pay Branson a monthly fee of $3,000 plus applicable taxes, with potential additional fees for extra services.

The company terminated its previously announced share offering from February 24, 2026, in connection with launching this new offering. The information is based on a company press release statement.

You May Also Be Interested In

• Stifel Starts Arrowhead Pharma (ARWR) at Buy
• Gyre Therapeutics (GYRE) files for 31.03M share offering by selling stockholders
• Tavia and Vita Inclinata sign LOI for $450M SPAC merger