Integrated Quantum closes $2.5M private placement to fund AI security and software development

Integrated Quantum Technologies completed a $2.5 million non-brokered private placement by issuing 5,015,000 units at $0.50 each, exceeding the target by $507,500. Each unit includes one common share and half a warrant, exercisable at $0.75 within two years. The company will use the funds for general working capital and advancing its AI security software products, including its AIQu™ platform and VEIL™ product. This financing supports Integrated Quantum's strategy to enhance AI security and scalability amid rising post-quantum computing risks.