Quantum Secure Encryption Upsizes Private Placement to $5.5 Million
Quantum Secure Encryption (QSEGF) has increased the size of its private placement offering from $3 million to $5.5 million due to strong investor demand. The non-brokered financing will issue up to 12.22 million units at a price of $0.45 per unit, with each unit consisting of one common share and half of a warrant. Full warrants are exercisable at $0.65 per share for two years from issuance. The company plans to use the net proceeds primarily to fund the commercialization and expansion of its QSE platform as well as general working capital needs.
Topics: commercialization funding increase private placement