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Get filing alertsQuantum Cyber terminates $4.4M at-the-market equity program with Maxim Group
Filed June 5, 2026 · Period ending June 2, 2026 · ~1 min read
Key Changes
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Company ended its at-the-market stock sales agreement with Maxim Group effective June 7, 2026, closing off this capital-raising channel after selling 3.3 million shares for $4.4 million net proceeds.
Item 1.01 view on EDGAR → -
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The ATM program generated average net proceeds of approximately $1.34 per share before termination, representing the total capital raised through this facility since October 2025.
Item 1.01 view on EDGAR → -
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No termination penalties or fees apply to ending the agreement early, resulting in a clean exit with no additional costs to shareholders.
Item 1.01 view on EDGAR →
Summary
Quantum Cyber has voluntarily terminated its at-the-market equity offering program with Maxim Group, effective June 7, 2026. The ATM facility, which was established in October 2025 and amended in May 2026, allowed the company to sell shares directly into the market as needed. Before shutting it down, Quantum Cyber raised approximately $4.4 million by selling 3.3 million ordinary shares at an average net price of about $1.34 per share.
For retail investors, this termination signals that management is closing off one avenue for raising capital, which could mean either that the company has sufficient cash for near-term operations or that it plans to pursue alternative financing methods. The lack of termination penalties is positive, indicating a clean exit. Watch the company's next quarterly filing to understand its current cash position and whether new financing arrangements or capital-raising activities emerge to replace the ATM program.
Section-by-Section Diff
Event · Item 1.02 — Termination of a Material Definitive Agreement
Item 1.02 — Termination of a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 2, 2026, Quantum Cyber N.V. delivered a notice to Maxim Group LLC (“Maxim”) to terminate the at-the-market issuance sales agreement, dated as of October 1, 2025, as amended on May 4, 2026 (the “Sales Agreement”), pursuant to the terms therein, to be effective as of June 7, 2026.
The company terminated its at-the-market equity offering program with Maxim Group, which allowed it to sell shares directly into the market. The termination takes effect June 7, 2026, and was done pursuant to the agreement's own termination provisions. This ends the company's ability to raise capital through this specific mechanism.
Added in current filing · verify on EDGAR →
Prior to termination, the Company sold 3,280,927 Ordinary Shares under the Sales Agreement for net cash proceeds of approximately $4,388,515.
Before terminating the agreement, Quantum Cyber raised approximately $4.4 million by selling roughly 3.3 million ordinary shares through the ATM program. This represents the total capital raised under this facility, implying an average net price of about $1.34 per share.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 5, 2026 · How we verify