Redwood AI completes acquisition of Quantum.IQ Technologies in share deal at $2.98 apiece

Reuters2026/08/14 00:00

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Redwood AI completed the acquisition of Quantum.IQ, a Vancouver-based quantum cybersecurity software developer, making it a wholly owned subsidiary.
Deal adds a post-quantum cryptography platform focused on cryptographic visibility, quantum-readiness assessments, and security migration planning for regulated environments.
Consideration totals up to 14,033,558 common shares priced at CAD 2.98 each, split between staged escrow and milestone-based releases.
Transaction also included 50,000 common shares as an administrative fee and a 100,000-share finder’s fee.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redwood AI Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608132000ACCESSWRNAPR_____1207211) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Redwood AI completes acquisition of Quantum.IQ Technologies in share deal at $2.98 apiece

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