Quantum eMotion Corp Form 6-K — Oct 13, 2026
Quantum eMotion Corp has signed a definitive arrangement agreement to be acquired via a plan of arrangement under the Business Corporations Act (British Columbia). Under the deal, each Share or Company RSU will receive C$0.084 in cash plus 0.0763 shares of the acquirer (the Parent). The transaction includes customary non-solicitation covenants with a fiduciary out and a five-Business-Day matching right, plus voting and support agreements from supporting shareholders. Completion requires shareholder and court approval, CFIUS clearance, TSX-V and NYSE American listing approvals, no more than 5% dissent, and absence of a material adverse effect, with an outside date of January 29, 2027.
Key figures
- Outside Date
- January 29, 2027
- Non solicitation
- customary fiduciary out with 5-Business-Day matching period
- Conditions Include
- CFIUS approval, TSX-V and NYSE American listing approvals, employment agreements for Ian Paterson and Veera Singh
- Share Consideration
- 0.0763 Parent Shares per Share or Company RSU
- Company Warrants Covered
- 12000000
- Dissent Rights Threshold
- 5.0% of issued and outstanding Shares
- Cash Consideration Per Share
- C$0.084
AI analysis
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