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materiality 0.20
Quantum Genesis AI confirms CEO assignment of ibuprofen synthesis patent
Quantum Genesis AI Corp.
- CEO Naveen Kulkarni assigned all rights in US Patent App. US20250146029A1 for enzymatic ibuprofen synthesis to the company.
- Assignment effective as of Nov. 2, 2023, formalizing a prior 2023 Asset Purchase Agreement.
- Company will amend FY2025 10-K and FY2026 Q1 & Q2 10-Qs to update IP disclosures.
- No new consideration; agreement confirms existing ownership.