Quantum eMotion to acquire Plurilock in cash-and-stock deal
Bitget2026/10/13 20:40- Quantum eMotion entered a definitive agreement to acquire Plurilock Security through a court-approved plan of arrangement.
- Plurilock shareholders are set to receive C$ 0.084 cash and 0.0763 of a Quantum eMotion common share per share.
- Post-close ownership is expected at about 95.97% for existing Quantum eMotion shareholders, 4.03% for former Plurilock shareholders.
- Quantum eMotion agreed to provide up to C$ 2,000,000 of secured bridge financing at 8.5% interest, maturing by Sept. 28, 2028.
- Closing is targeted shortly after a Plurilock shareholder meeting expected in November 2026, subject to court and exchange approvals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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