Quantum eMotion Corp Form 6-K — Sep 28, 2026
Quantum eMotion announced a definitive arrangement agreement to acquire 100% of Plurilock Security for aggregate consideration of approximately C$33.8M — C$0.28 per Plurilock share via C$0.084 cash plus 0.0763 QeM shares, a ~100% premium to Plurilock's 20-day VWAP. The deal mixes 30% cash and 70% stock, leaving existing QeM holders with ~95.97% and former Plurilock holders ~4.03% of the combined company. QeM will also lend Plurilock up to C$2M at 8.5% as bridge financing, and a reciprocal termination fee of up to C$500,000 applies.
Key figures
- Debt Amount
- C$2,000,000 bridge financing
- Deal Value Usd
- C$33.8M aggregate equity consideration
- Interest Rate
- 8.5
- Maturity Date
- September 27, 2028 (or earlier upon closing/termination)
- Premium
- ~100% to Plurilock 20-day VWAP on TSXV as of Sept 25, 2026
- Exchange ratio
- 0.0763 QeM shares per Plurilock share
- Termination fee
- up to C$500,000 reciprocal
- Expected closing
- shortly after shareholder meeting expected November 2026
- Consideration mix
- 30% cash / 70% QeM shares
- Pro forma ownership
- QeM holders 95.97%, Plurilock holders 4.03%
- Insider voting support
- ~6.8% of Plurilock shares
- Per share consideration
- C$0.28 per Plurilock share (C$0.084 cash + C$0.196 in QeM shares)
AI analysis
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