REG - Quantum Base Hldgs - First Day of Dealings on AIM
04/04/2025 07:15
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RNS Number : 6237D Quantum Base Holdings PLC 04 April 2025
4 April 2025
Quantum Base Holdings plc
("Quantum Base" or the "Company")
First Day of Dealings on AIM and Completion of Fundraising
Quantum Base (AIM: QUBE), the quantum science company focused on creating a
new global standard in authentication, is pleased to announce that the
admission of its ordinary shares of 0.1 pence each ("Ordinary Shares") to
trading on the AIM Market ("AIM"), a market operated by the London Stock
Exchange, will take place today ("Admission").
Admission follows the successful completion of a fundraising of £4.8 million
(before expenses) through a placing of new Ordinary Shares with certain
institutional and other investors (the "Placing"), and a significantly
oversubscribed retail offer of new ordinary shares in the capital of the
Company via RetailBook Limited (the "RetailBook Offer" and, together with the
Placing, the "Fundraising"), at an issue price of 23.1 pence per new Ordinary
Share (the "Issue Price").
Dealings in the Ordinary Shares will commence at 8:00 a.m. today under the
TIDM "QUBE" and ISIN code GB00BTXYPJ53.
Quantum Base Highlights
· A New Global Standard: Quantum Base is focused on creating a new
global standard in authentication through its patented Q-ID solution; a near
unbreakable and non-replicable authenticity tags that can be applied to a vast
array of products, significantly mitigating counterfeiting.
· Secure Technology: The technology underpinning Q-ID harnesses the
randomness that is inherent at a nanometre length scale. The sheer volume and
variation of the interactions between molecules that occur at nanoscale means
that there is virtually an infinite number of combinations that can be
created. The Q-ID is practically impossible to replicate using even the most
advanced available technology.
· Vast Applicable Market and Versatile Product: Counterfeiting is
estimated to cost businesses and tax authorities at least $2.8 trillion in
lost revenue per year. Q-IDs can be applied to almost any print line and in
certain cases can be entirely non-intrusive to a product's existing design,
meaning that they can be utilised in a vast number of end markets.
· Ease and Speed of Integration: The authentication process to identify
printed tags is undertaken using existing and unmodified smartphone technology
coupled with the Quantum Base software. This process does not require a change
of existing consumer behaviour, or any further hardware or infrastructure.
· Proven and Protected Technology: The Q-ID technology and its
application processes have undergone rigorous adversarial and competitive
testing from existing partners and potential clients. Additionally, the
science has undergone peer review, with publication in leading open-access
science journals, and the intellectual property surrounding Q-IDs is protected
by a broad patent portfolio.
· Framework Agreements with Security Printers: In its first stage of
commercialisation, the Company has signed two framework agreements with
leading security printers, with an initial focus on tax stamps. The Directors
believe that the tax stamp industry represents a strong first application for
Q-IDs as they are produced globally in vast quantities and the Q-ID stamp can
be readily applied to existing print runs. The Company intends to access
further customers using channel partnerships across a wide range of verticals.
Fundraising Highlights
· Successful fundraising through the issuance of an aggregate of
20,832,016 new Ordinary Shares ("Fundraising Shares"), raising gross proceeds
of approximately £4.8 million for the Company, at the Issue Price.
· At the Issue Price, the Company will have a market capitalisation on
Admission of approximately £14.8 million.
· The Board intends to use the net proceeds of the fundraise to fund
its commercial development and sales initiatives in the main following areas:
o Commercial hires
o Product development - tax stamps
o Product development - brand protection
o Science and software hires
· Strand Hanson Limited acted as Nominated and Financial Adviser to the
Company in connection with Admission.
· Cavendish Capital Markets Limited acted as broker in connection with
the Placing and is acting as sole broker from Admission.
Tom Taylor, CEO of Quantum Base, commented:
"I am thrilled to commence trading on AIM today, marking a key step in our
decade long journey from a Lancaster University spin-out to a British
scientific success story. Floating on AIM gives us direct access to a large,
sophisticated pool of investors, and provides further independence and
credibility for our business.
"The success of the Fundraise is a strong endorsement of our mission to cement
ourselves as the new global standard in authentication which, in the face of a
growing counterfeiting problem, is more important than ever. The funds raised
will enable us to further accelerate commercialisation and expand into new
product lines.
"I would first like to thank the entire Quantum Base team for their positive
engagement throughout this process, as well as our team of advisers for their
continuous hard work. I would also like to thank our partners and our new
investors for sharing our vision for the Company, and I look forward to you
sharing in our success as we work to deliver value for all our stakeholders
whilst establishing Quantum Base as the leading anti-counterfeit solution."
Admission Document
The Admission Document, which contains further information concerning the
Fundraising and Admission, is available to download from the Company's website
at: www.quantumbase.com (http://www.quantumbase.com) .
ENDS
For further information, please contact:
Quantum Base info@quantumbase.com (mailto:info@quantumbase.com)
www.quantumbase.com
Tom Taylor, CEO
David Broadbent, CFO
Strand Hanson Limited (Financial and Nominated Adviser) +44 (0)207 409 3494
Christopher Raggett
James Bellman
David Asquith
Edward Foulkes
Cavendish Capital Markets Limited (Broker) +44 (0)20 7220 0500
Ed Frisby / Isaac Hooper - Corporate Finance
Andrew Burdis - Corporate Broking
Michael Johnson / Dale Bellis / Jasper Berry - Sales
BlytheRay (Financial PR) quantumbase@blytheray.com
+44 (0)20 7138 3204
Tim Blythe
Megan Ray
Will Jones
Alastair Roberts
About Quantum Base
Quantum Base is a quantum science company creating a new global standard in
authentication through its patented Q-ID solution - near unbreakable and
non-replicable authenticity tags that can be applied to a vast array of
products, significantly mitigating counterfeiting.
The technology underpinning Q-IDs harnesses randomness at the atomic level,
and this volume and variation ensures that there is virtually an infinite
number of combinations that can be created. The Q-ID is practically impossible
to replicate using even the most advanced available technology.
Q-IDs can be applied to almost any print line and in certain cases can be
entirely non-intrusive to a product's existing design, meaning that they can
be utilised in a vast number of end markets. The authentication process to
identify printed tags is undertaken using existing and unmodified smartphone
technology, providing easy authentication and proven security for global
brands, governments and consumers.
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