QuantumCore completes C$ 2 million acquisition of Avalanche PhotoniQ

Reuters2026/09/11 11:01

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QuantumCore completed the acquisition of Avalanche PhotoniQ under a share purchase agreement effective Sept. 9, 2026.
Consideration totaled CAD 2 million, including CAD 1.07 million paid at closing.
CAD 930,000 is payable after production of 100 qualifying detectors, settled in cash, QuantumCore shares, or a mix.
Sellers may receive a one-time CAD 1 million earn-out if annual net revenue reaches CAD 1 million during the earn-out period.
Deal adds a foundry-ready single-photon detector platform, expanding QuantumCore’s quantum infrastructure portfolio beyond superconducting amplifier hardware.

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. Quantumcore Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202609110700NEWSFILECNPR____20260911_313936_1) on September 11, 2026, and is solely responsible for the information contained therein.

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QuantumCore completes C$ 2 million acquisition of Avalanche PhotoniQ

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