01:30 PM EST, 02/21/2025 (MT Newswires) -- Quantum eMotion ( QNCCF ) on Friday increased the size of its previously announced private placement to $10 milllion from $6 million due to increased institutional demand.

The offering consists of 13.3-million units of the company at $0.75 per unit. Closing of the offering is expected to take place on or about Feb. 24.

Shares of the company were last seen down $0.23, or 26.1%, at $0.65 on the TSX Venture Exchange.

Price: 0.67, Change: -0.21, Percent Change: -23.86