other material
confidence high
sentiment positive
materiality 0.75
Quantum Cyber signs exclusive quantum antenna license with Project LightShift for $1M cash + $5M stock
Quantum Cyber N.V.
- Consideration: $1M cash plus $5M in restricted shares, vesting over eight quarters with six-month lock-up.
- Exclusive worldwide license for quantum photonic array technology for defense drone applications.
- Prototype milestone: LightShift to deliver prototype by Dec 31, 2026; company has 120-day right of first negotiation for commercialization.
- Company can terminate license if prototype not delivered by March 31, 2027; unvested shares clawed back, vested shares repurchased at $0.001/share.
- Voting agreement: LightShift agrees to vote all shares from the license in favor of board-recommended proposals.