17:40:46 EST Tue 10 Nov 2026
Enter Symbol
or Name
USA
CA



Plurilock Security Inc (2)
Symbol PLUR
Shares Issued 114,197,361
Close 2026-11-10 C$ 0.175
Market Cap C$ 19,984,538
Recent Sedar+ Documents

Plurilock recommends voting for Quantum Emotion deal

2026-11-10 17:28 ET - News Release

Mr. Ian Paterson reports

PLURILOCK SECURITY INC. REMINDS SHAREHOLDERS TO VOTE "FOR" THE ARRANGEMENT RESOLUTION AT THE UPCOMING SPECIAL MEETING OF SHAREHOLDERS

Plurilock Security Inc. has reminded its shareholders to cast their vote in favour of the special resolution to approve the acquisition of the company by Quantum Emotion Corp., pursuant to which QeM will acquire all of the issued and outstanding common shares of Plurilock. The proposed acquisition will be completed by way of a plan of arrangement under the provisions of the Business Corporations Act (British Columbia).

The special meeting of shareholders of the company to approve the arrangement resolution will be held in person at Suite 1500, 1055 West Georgia St., Vancouver, B.C., V6E 4N7, on Nov. 18, 2026, at 10 a.m. Vancouver time. Upon completion of the arrangement, QeM will acquire all of the issued and outstanding Plurilock shares, and Plurilock will become a wholly owned subsidiary of QeM. As a result of the arrangement, each shareholder (other than a dissenting shareholder) will receive 8.4 cents in cash and 0.0763 of a common share of QeM for each Plurilock share held.

Independent proxy adviser support

Additional independent proxy adviser recommends shareholder vote for the arrangement resolution

In addition to ISS recommending shareholders vote for the arrangement resolution, a second independent proxy adviser has also recommended that shareholders vote for the arrangement resolution.

Reasons for the board's recommendation

In reaching its own conclusion to recommend that shareholders vote for the arrangement resolution, the board of directors of Plurilock carefully considered several factors, including, among others, the following:

  • Shareholders, through their ownership of QeM shares, will have the opportunity to continue to participate in the potential value creation associated with combining Plurilock's cybersecurity operations, customer relationships and commercial reach with QeM's quantum-secure cryptographic and entropy technologies, and will have the opportunity to participate in the future performance of QeM shares.
  • Shareholders will become shareholders in a larger company with a higher market capitalization, which is expected to result in an enhanced capital market profile and increased trading liquidity, including the fact that QeM shares, which trade on both the TSX Venture Exchange and the NYSE American, offer significantly greater trading liquidity compared with Plurilock shares and the QeM shares to be issued pursuant to the arrangement will generally not be subject to restrictions on transfer following completion of the arrangement.
  • The arrangement is expected to give rise to operational and commercial synergies to be realized in the near term and over time. These synergies may arise from, among other things, cross-selling and pilot opportunities across Plurilock's existing customer base, the potential integration of QeM's quantum-secure cryptographic and entropy technologies with Plurilock's cybersecurity and identity capabilities, and a disciplined, co-ordinated go-to-market and capital allocation strategy. Such synergies are expected to strengthen QeM's position in government, defence, critical infrastructure and regulated enterprise markets.

A full description of the factors considered by the board is included in the company's management information circular dated Oct. 15, 2026.

Your vote matters

Every shareholder's vote matters -- regardless of how many Plurilock shares you hold.

Shareholders are encouraged to vote in advance of the meeting on the Internet or by telephone using the control number found on the proxy or voting instruction form that was mailed to you to ensure your vote is received in a timely manner. For your proxy to be valid, you must submit your vote by no later than Nov. 16, 2026, at 10 a.m. Vancouver time.

Voting instructions and where to find materials

Shareholders should refer to the management information circular, notice of meeting and other materials that were previously distributed. These materials are also accessible on-line on:

  • The company's website;
  • The company's SEDAR+ profile.

Shareholder questions and voting assistance

If shareholders have questions, including on the procedures for voting at the meeting, please contact Plurilock's proxy solicitation agent, Laurel Hill Advisory Group.

Toll-free calls in North America:  1-877-452-7184 (1-416-304-0211 outside of North America)

Text message:  text INFO to 416-304-0211 or 1-877-452-7184

E-mail:  assistance@laurelhill.com

About Plurilock Security Inc.

Plurilock sells cybersecurity solutions and delivers critical information technology and cybersecurity services to public- and private-sector organizations. Through its operating businesses and predecessor operations, Plurilock has a 25-plus-year operating history, serves hundreds of customers, and maintains procurement and contract channels in Canada, the United States and the North Atlantic Treaty Organization. Its capabilities include critical services, cybersecurity and IT modernization, managed services, data protection, cloud security, identity and access management, and artificial-intelligence-enabled security technologies.

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