Quantum eMotion (QNC) Stock: Plurilock Deal Sparks 17% Rally

Quantum eMotion to buy Plurilock for C$33.8M

The Sept. 28 agreement values Plurilock at C$33.8M, offering C$0.084 cash and 0.0763 QeM shares for each target share.

Quantum eMotion (QNC) Stock: Plurilock Deal Sparks 17% Rally

TLDR QNC stock jumped 17.02% after Quantum eMotion announced the Plurilock deal. Quantum eMotion plans to acquire all outstanding shares of Plurilock Security. Plurilock adds cybersecurity revenue, customers, procurement channels and services. The deal could expand QeM’s reach across government and regulated security markets. QeM continues advancing eCore-Q and SecureKey through NIST and FIPS testing. [...]

Quantum eMotion to Acquire Plurilock, Expanding Commercial Quantum and AI Cybersecurity Platform | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware - National Cyber Security Consulting

Proposed acquisition would combine QeM's quantum-secure technologies with Plurilock's established cybersecurity revenue base, hundreds of customer relationships, public-sector procurement channels, service delivery capabilities and AI-driven cybersecurity technologies. QeM to acquire all issued and outstanding common shares in the capital of Plurilock ("Plurilock Shares") for aggregate consideration of approximately C$33.8M, consisting of appr…

Quantum eMotion to Acquire Plurilock, Expanding Commercial Quantum and AI Cybersecurity Platform