$7M private placement: Series H convertible preferred (7% dividend, $5 conversion) and warrants for 1.4M shares at $5; expected close Sept 4, 2025.
Agrees to acquire LPU Holdings for Series I convertible preferred convertible into 747,362 shares at $0.001/sh; contingent milestones; license with LightSolver for crypto mining laser hardware.
Terminates Master Service Agreement with Prevail for Phase 2 sarcopenia/frailty trial; effective 30 days after Sept 2, 2025 notice.
Director changes: Uzonwanne resigns; Glass steps down as President (stays CMO/Board); Bernstein appointed to Board; Silverman named Executive Chairman.
Q/C TECHNOLOGIES, INC.: Filed Certificate of Amendment to Certificate of Incorporation to effect a 1-for-100 reverse stock split of Common Stock (effective 2025-08-29).
Change
charter amendment
Effective
2025-08-29
Exact text from the filing
On August 29, 2025, the Company filed a Certificate of Amendment (the “Certificate of Amendment”) to the Certificate of Incorporation of the Company (the “Certificate of Incorporation”) with the Secretary of State of Delaware to effect a 1-for-100 reverse stock split of the shares of the Company’s Common Stock either issued and outstanding or held by the Company as treasury stock, effective as of 4:05 p.m. (New York time) on August 29, 2025 (the “Reverse Stock Split”).
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