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Pin to quick picksQuantum Block Regulatory News (QBT)

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Placing

30 Oct 2023 07:00

Quantum Blockchain Technologies Plc - Placing

Quantum Blockchain Technologies Plc - Placing

PR Newswire

LONDON, United Kingdom, October 30

30 October 2023

 

Quantum Blockchain Technologies Plc(“QBT” or “the Company”)

 

 

Placing to Raise £2,000,000

 

The board of Quantum Blockchain Technologies Plc (AIM: QBT) is pleased to announce that it has today raised £2,000,000 (before expenses) through the placing of 133,333,333 new ordinary shares of 0.25 pence each in the Company (“Placing Shares”) at a price of 1.5 pence per Placing Share (the “Placing”).

 

The net proceeds of the Placing will be used by the Company to further invest in its Research and Development (“R&D”) programme, principally through the expansion of the R&D team, the purchase of additional hardware and an increase in software development. Funds will also be allocated towards the Company’s ongoing legal claims in respect of their legacy investments and provide general working capital.

 

Francesco Gardin, Executive Chairman and CEO of QBT, commented:

 

“We are extremely pleased to have completed this £2 million fundraise, as we believe it will fund the Company through to revenue.

 

“The Placing provides QBT with the opportunity to set up its cloud service infrastructure, most likely in North America, to enable the deployment of Method A and Method B as a SaaS product for the bitcoin mining market. We predict revenue will be generated either by charging subscription fees for each mining rig served, or by sharing the extra mined bitcoins, as a result of the miner using QBT’s technology, or a combination of the two.

 

“We therefore believe that this opportunity significantly outweighs any short-term effect caused by the additional shareholder dilution.”

 

 

Admission & Total Voting Rights

Application has been made for the 133,333,333 Placing Shares to be admitted to trading on AIM with admission expected to occur on or around 2 November 2023 (“Admission”). The Placing Shares will rank pari passu with the Company’s existing ordinary shares.

 

Following Admission of the Placing Shares, the Company’s enlarged issued share capital will comprise 1,291,313,755 ordinary shares of 0.25 pence each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

 

-ends-

For further information please contact:

 

Quantum Blockchain Technologies Plc +39 335 296573

Francesco Gardin, CEO and Executive Chairman

 

SP Angel Corporate Finance (Nominated Adviser & Broker) +44 (0) 20 3470 0470

Jeff Keating, Kasia Brzozowska

 

Leander (Financial PR) +44 (0) 7795 168 157

Christian Taylor-Wilkinson

 

 

About Quantum Blockchain Technologies Plc

 

QBT (AIM: QBT) is a London Stock Exchange AIM listed Research & Development and investing company focused on an intensive R&D programme to disrupt the Blockchain Technologies sector, and which includes, cryptocurrency mining and other advanced blockchain applications. The primary goal of the R&D programme is to develop Bitcoin mining tools and techniques, via its technology-driven approach, which the Company believes will significantly outperform existing market practices.



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Date   Source Headline
30th Oct 20237:00 amPRNPlacing
20th Oct 20231:16 pmPRNMarket Update
5th Oct 202312:59 pmPRNREPO Rollover
26th Sep 20237:00 amPRNInterim Results
20th Sep 20237:00 amPRNPorting of Methods A & B
31st Jul 20237:18 amPRNTotal Voting Rights
24th Jul 202312:26 pmPRNResult of AGM
24th Jul 20237:00 amPRNPatent Application
7th Jul 20237:00 amPRNPartial Bond Conversion
4th Jul 202311:56 amPRNRollover of REPO
30th Jun 20237:02 amPRNTotal Voting Rights
30th Jun 20237:00 amPRNFinal Results
26th May 20237:00 amPRNNew Marketing & Bus Dev Manager
10th May 20237:00 amPRNBitcoin Mining Update
31st Mar 20237:00 amPRNRollover of Directors' REPO
22nd Mar 20237:00 amPRNBitcoin Mining Report
21st Mar 20234:35 pmRNSPrice Monitoring Extension
15th Mar 20237:00 amPRNUpdate on Sipiem Court Appeal
2nd Mar 202312:25 pmPRNAIM Rule 17 Schedule Update
18th Jan 20238:20 amPRNAltcoins Opportunities
6th Jan 20237:00 amPRNR&D Update - Quantum Computing
20th Dec 20227:00 amPRNGrant of Options
16th Dec 20227:00 amPRNRollover of Director's REPO
1st Dec 20227:00 amPRNUpdate on Legal Claim
25th Nov 202210:13 amPRNAppointment of NED - Correction
25th Nov 20228:11 amPRNAppointment of NED
15th Nov 20227:00 amPRNUpdate on Bitcoin R&D
29th Sep 20227:00 amPRNRollover of REPO
12th Sep 20227:30 amRNSRestoration - Quantum Blockchain Technologies plc
16th Aug 20227:30 amRNSSuspension - Quantum Blockchain Technologies PLC
2nd Aug 20227:00 amPRNUpdate on Legal Claims
22nd Jul 20221:12 pmPRNResult of AGM
1st Jul 20227:00 amPRNRollover of Director's REPO
30th Jun 20224:24 pmPRNAGM Date
30th Jun 20227:00 amPRNFinal Results
23rd May 20227:00 amPRNUpdate on Bitcoin Mining R&D
5th May 202212:09 pmPRNUpdate on Final Sipiem Court Hearing
21st Apr 202211:43 amPRNResult of Bondholders Meeting
6th Apr 20227:00 amPRNZero Coupon Bond - Maturity Extension
31st Mar 20227:00 amPRNExercise of Warrants
30th Mar 20222:02 pmPRNCall of Bondholders Meeting
11th Mar 20224:41 pmRNSSecond Price Monitoring Extn
11th Mar 20224:35 pmRNSPrice Monitoring Extension
11th Mar 20227:00 amPRNBitcoin Mining R&D Update
24th Feb 202211:06 amRNSSecond Price Monitoring Extn
24th Feb 202211:01 amRNSPrice Monitoring Extension
24th Feb 20229:05 amRNSSecond Price Monitoring Extn
24th Feb 20229:00 amRNSPrice Monitoring Extension
19th Jan 202210:40 amPRNSipiem Court Case Update
12th Jan 20227:00 amPRNExercise of Warrants
12

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