04:17 PM EDT, 05/30/2025 (MT Newswires) -- Quantum eMotion ( QNCCF ) saw its shares drop 20% Friday as it moved mid-afternoon to double the size of its brokered private placement to $12 million in gross proceeds, "due to increased institutional demand". It said the financing will consist of 8 million units at a price of $1.50 each.

It is expected that closing of the offering will take place on or about June 2, 2025.

The company closed trading at $1.45 a share, down just over 20%.