Quantum Technologies plans $10 mln private offer

Newswire

Oct 30 (Reuters) - Quantum Technologies Inc. on Monday said it plans to raise $10 million through a private placement of its common share and warrants. It will sell institutional investors 6.1 million common shares at $1.64 a share, and warrants to purchase 2.1 million shares at an exercise price of $2.36, the company said in a statement. Quantum expects to close the transaction by Nov. 1. (Reporting by Rakesh Sharma in Bangalore)

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