Quantum Exponential - Conversion of ASA in Universal Quantum
Announcement provided byQuantum Exponential Group plc · QBIT
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM
16 November 2023
Quantum Exponential Group plc
(the 'Company' or 'Quantum Exponential')
Conversion of Advanced Subscription Agreement in Universal Quantum
Quantum Exponential Group plc (AQUIS: QBIT), a company focused on investing in quantum technology, announces the conversion of its
Following the conversion, the Company will own 84,000 Shares in UQ representing 0.507% of UQ's issued share capital.
Steven Metcalfe, CEO of Quantum Exponential said:
"We invested in Universal Quantum at a very early stage having recognised the potential of buildable quantum computers. We are thrilled that this potential was also recognised by the German Aerospace Centre, which invested a total of
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).
The Directors take responsibility for this announcement.
For more information, visit the Company's website: www.quantum-exponential.co.uk or contact:
Steven Metcalfe, Chief Executive Officer c/o firstname.lastname@example.org
Novum Securities (AQSE Corporate Adviser) Tel: +44 (0)20 7399 9400
David Coffman, George Duxberry
Oberon Capital (Broker) Tel: +44 (0)20 3179 5344
Mike Seabrook, Chris Crawford
St Brides Partners Limited (Financial PR) email@example.com
Catherine Leftley, Ana Ribeiro, Isabelle Morris
Notes to Editors
About Quantum Exponential Group plc
Quantum Exponential is a first of its kind, AQSE Growth Market SPAC, focused on opportunities in quantum technology and the wider quantum computing sector, with an advisory board made up of industry advisors, entrepreneurs, and technology investment professionals with broad access to quantum opportunities and markets. Quantum Exponential's investment strategy is to assemble a portfolio of minority investments in early-stage global quantum technology companies, primarily in NATO-allied countries, offering institutional and private investors access to revolutionising technologies and industries in the realms of artificial intelligence, manufacturing and healthcare.
Quantum Exponential trades on AQSE Growth Market under the ticker symbol "QBIT'.
About Universal Quantum
Universal Quantum is building the world's first million qubit quantum computer. Why? Because to unlock the full potential of quantum computing and change the world for the better, we need to reach the million-qubit scale.