Quantum Secure Encryption raises $3M via private placement

Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN80) announced a non-brokered private placement financing of 6,666,667 units at $0.45 per unit, for gross proceeds of $3,000,000, according to a press release issued July 10, 2026.

Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional share at $0.65 for a period of two years from the date of issue.

All securities issued under the offering are subject to a hold period expiring four months and one day from the date of issuance. The company may pay finder's fees in connection with the offering.

The company said it intends to use net proceeds to support commercialization and expansion of its platform and for general working capital.

"We are raising this capital to support the next phase of QSE's commercial growth," said Ted Carefoot, Chief Executive Officer. "Our focus is now on sales execution, expanding our partner channels, converting active opportunities into revenue, and scaling the business across enterprise, government and regulated-industry markets."

The units have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption.

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