QTREX Quantum Ltd. closed a registered direct offering of 11,111,111 Ordinary Shares. Institutional investors purchased the shares at a price of $0.90 each.
The offering generated approximately $10 million in gross proceeds. Net proceeds reached an estimated $9.1 million after deducting placement fees and expenses.
QTREX will use the capital for working capital and general corporate purposes. The transaction closed on or about August 21, 2026.
The financing results in an immediate 57% dilution for new investors. The pro forma as-adjusted net tangible book value is $0.39 per share. This represents a $0.51 per share decrease from the offering price.