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Get filing alertsQuantum X Labs appoints Yakov Baranes as co-CEO in dual-leadership structure
Filed May 15, 2026 · Period ending May 14, 2026 · ~1 min read
Key Changes
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Yakov Baranes appointed co-CEO effective May 18, 2026, sharing leadership with existing CEO Amihay Hadad who has led the company since February 2020.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Baranes holds 103,373 shares and warrants for 246,387 shares from the March 2026 Quantum Israel acquisition, with up to 703,710 additional shares or warrants contingent on undisclosed milestones.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Baranes will receive NIS 60,000 plus VAT monthly (approximately $16,500), combining NIS 36,000 for the co-CEO role and NIS 24,000 for services to the Quantum Israel subsidiary, plus discretionary bonuses.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Baranes led Quantum Israel since March 2025 before its acquisition by the company in March 2026, bringing 11 years of business strategy experience and an MBA.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Quantum X Labs is transitioning from single-CEO leadership to a co-CEO structure, with Yakov Baranes joining Amihay Hadad at the helm effective May 18, 2026. Hadad has led the company since February 2020 and will continue in the role alongside Baranes. The move follows the company's March 2026 acquisition of Quantum Israel, the subsidiary Baranes has led since March 2025.
For retail investors, the dual-leadership model raises questions about decision-making authority and strategic direction, though the filing provides no detail on how responsibilities will be divided. Baranes' compensation of approximately $16,500 monthly is modest for a public company CEO role.
More significant is his equity position: he received 103,373 shares and warrants for 246,387 shares in the Quantum Israel acquisition, with up to 703,710 additional shares or warrants tied to undisclosed milestones. This milestone-based equity creates alignment with performance but also potential dilution. The company provides no rationale for the co-CEO structure or clarity on the milestones that could trigger substantial additional share issuance.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 14, 2026, Quantum X Labs Inc. (the “Company”) appointed Mr. Yakov Baranes as the co-Chief Executive Officer of the Company, effective as of May 18, 2026, joining Mr. Amihay Hadad, who has served as the Company’s Chief Executive Officer since February 2020 and will continue with Mr. Baranes as co-Chief Executive Officer.
The company is transitioning from a single CEO structure to a co-CEO model. Yakov Baranes will share the CEO role with Amihay Hadad, who has led the company since February 2020. This dual-leadership arrangement takes effect May 18, 2026.
Added in current filing · verify on EDGAR →
Mr. Baranes was a shareholder of Quantum Israel and held 32,647 shares (approximately 5.54%) of Quantum Israel prior to the Company’s acquisition of Quantum Israel. In connection with the Company’s acquisition of Quantum Israel, Mr. Baranes received 103,373 shares of common stock and pre-funded warrants to purchase 246,387 shares of the Company common stock. Mr. Baranes may receive up to an additional 703,710 shares of common stock or pre-funded warrants upon the achievement of certain milestones.
Baranes received 103,373 shares and warrants for 246,387 shares when the company acquired Quantum Israel in March 2026, where he held a 5.54% stake. He may receive up to 703,710 additional shares or warrants upon achieving undisclosed milestones, creating potential alignment with company performance but also dilution risk for existing shareholders.
Added in current filing · verify on EDGAR →
Since March 2025, Mr. Baranes has led the initial activities of Quantum X Labs Ltd. (“Quantum Israel”), the Company’s wholly owned subsidiary, that was acquired by the Company in March 2026, that aims to position the Company as a leading company to research, develop, and potentially commercialize innovative quantum solutions across key sectors, including navigation, precision timing, quantum algorithms, quantum error correction, drug discovery, biomedicine, nuclear simulation, transportation, and quantum cyber security.
Baranes has led Quantum Israel since March 2025, the subsidiary acquired by the company in March 2026. He brings 11 years of business strategy experience across industries and government entities, holds an MBA and economics degree, and previously served as CEO of Charging Robotics Inc. from September 2025 to April 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify