Quantum eMotion Pursues Dual Listing on US Exchange

Quantum eMotion CA74767K1030

Quantum eMotion, a Canadian firm specializing in quantum encryption cybersecurity, is advancing its strategy to list its shares on a major US stock exchange. The company has initiated the formal regulatory process required to trade on the NYSE American, a move aimed at tapping into a deeper and more expansive pool of institutional capital.

As of the latest reporting period ending September 30, 2025, Quantum eMotion holds a cash position of 24.7 million CAD. The development-stage company has not yet generated revenue, reporting a net loss of approximately 7.71 million CAD on a trailing twelve-month basis. Despite the absence of sales, the market assigned the firm an ambitious valuation of about 1.1 billion CAD in late January.

Regulatory Pathway Through the SEC

The cornerstone of this cross-border listing effort is the filing of a Form 40-F with the United States Securities and Exchange Commission (SEC) on January 22, 2026. This document represents the standard registration statement for Canadian issuers seeking a primary listing on a significant US exchange. The company's primary listing will remain on the TSX Venture Exchange. Final approval is contingent upon two key decisions: the SEC declaring the registration statement effective and the NYSE American granting explicit listing approval. A definitive timeline for the first day of US trading is not yet available, as it depends on the pace of these regulatory reviews.

Operational Milestones Paving the Way

The application follows a series of strategic achievements throughout 2025 that strengthened the company's foundation:

• Capital Infusion: A private placement in June 2025 raised gross proceeds of 12 million CAD.
• Strategic Alliances: September 2025 saw the completion of the "Qastle" wallet in partnership with Krown Technologies, alongside an alliance with Jmem Technology focused on chip development.
• ETF Inclusion: Following a rebalancing in December 2025, Quantum eMotion became the largest holding within the Defiance Quantum ETF.

For current and prospective investors, a successful US listing is viewed as a pivotal event expected to significantly enhance the company's visibility and accessibility to a broader segment of institutional investors in the world's largest capital market.