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- Departure Of Cfo (new) — CFO converted to consulting arrangement rather than traditional employment, potentially signaling reduced commitment or transition period.
Quantum Cyber expands ATM offering 10x to $100M, CFO shifts to consultant role
Filed May 8, 2026 · Period ending May 4, 2026 · ~1 min read
Key Changes
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Company increased its at-the-market stock offering capacity from $10M to $100M through amendment with Maxim Group, creating potential for significant shareholder dilution if fully utilized.
Item 1.01 verify on EDGAR → -
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CFO William Caragol transitioned from employee to consultant effective April 22, receiving $20k monthly through August 31, 2026, with either party able to terminate on 30 days' notice.
Item 5.02 verify on EDGAR → -
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The consulting arrangement with the CFO runs only through August 2026, after which it may continue month-to-month by mutual agreement, signaling uncertainty in long-term financial leadership.
Item 5.02 verify on EDGAR →
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Source-verified from EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify