23 January 2025
Quantum
Blockchain Technologies Plc
(“Quantum
Blockchain Technologies” or “the Company”)
Placing
to Raise £2 million
The board
of Quantum Blockchain Technologies (AIM: QBT) is pleased to
announce that it has raised £2,000,000 (before expenses) through
the placing of 173,913,044 new ordinary shares of 0.25 pence each in the Company (“Placing Shares”)
at a price of 1.15 pence per Placing
Share (the “Placing”).
The net
proceeds of the Placing will allow the Company to continue
investing in its cryptocurrency R&D programmes including, but
not limited to, funding the expansion of the R&D team and the
purchase of hardware and software to assist with the Company’s
R&D developments, funding of ongoing legal costs associated
with the Company’s legacy assets, and to support its existing
investment portfolio as well as to provide general working
capital.
Application
will be made for the Placing Shares to be admitted to trading on
AIM with admission expected to occur on or around 28 January 2025. The Placing Shares will
rank pari
passu with the
Company’s existing ordinary shares.
Following
admission of the Placing Shares, the Company’s issued share capital
will comprise 1,465,226,799 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
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.
