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Quantum AI Announces Pricing of Initial Public Offering on the New York Stock Exchange

Quantum AI LTD, a leading AI trading company, today announced the pricing of its initial public offering of 10,000,000 shares of its common stock at a public offering price of $80 per share. The shares are expected to begin trading on the New York Stock Exchange on the 31st of December 2024 under the ticker symbol QAI.

The gross proceeds to Quantum AI LTD from the offering are expected to be approximately $800,000,000 before deducting underwriting discounts, commissions and other offering expenses. Quantum AI has granted the underwriters a 100-day option to purchase up to an additional 15,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on 7th of June 2024. This offering is being made only by means of a prospectus, copies of which may be obtained from Quantum AI LTD.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Quantum AI LTD