Overview

• QCi agreed to sell 37,183,937 common shares in a market‑priced private placement led by its largest existing shareholders, with Titan Partners Group as sole placement agent, and expects closing on or about Oct. 8.
• The company projects roughly $1.55 billion in pro‑forma cash after closing, bringing total capital raised since November 2024 to $1.64 billion.
• Proceeds are earmarked to fund commercialization, pursue strategic acquisitions, build volume production, expand sales and engineering teams, and for working capital.
• The newly issued shares are unregistered under the Securities Act, and QCi committed to file a resale registration statement with the SEC.
• Shares fell about 7%–10% on the announcement as investors weighed dilution for a development‑stage business that currently generates less than $1 million in annual revenue.