Quantum eMotion announced on September 28, 2026, that it had entered into a definitive agreement to acquire Plurilock Security Inc. for approximately C$33.8 million in cash and shares. [4, 7]
Trading in Quantum eMotion stock was set to resume on the morning of September 29, 2026. [9]
Under the agreement, Plurilock shareholders will receive C$0.084 in cash for each Plurilock share. They will also receive 0.0763 of a Quantum eMotion share for each Plurilock share. [4]
The offer implies a value of C$0.28 per Plurilock share, a 100% premium over its 20-day volume-weighted average price. [4]
The acquisition is intended to expand Quantum eMotion’s commercial quantum and AI cybersecurity platform by adding Plurilock’s existing revenue, customer base and sales channels. [4, 7]