Dr. Muhammad Khan reports

SUPERQ QUANTUM ANNOUNCES CLOSING OF ITS OVERSUBSCRIBED BROKERED LIFE FINANCING FOR GROSS PROCEEDS OF C$4,600,713

SuperQ Quantum Computing Inc. has closed its previously announced private placement financing for aggregate gross proceeds of $4,600,713, which include the full exercise of the overallotment option. Under the offering, the company sold 5,898,350 units of the company at a price of 78 cents per unit.

Each unit consists of one common share of the company and one common share purchase warrant of the company. Each warrant entitles the holder thereof to acquire one additional share at a price of $1 at any time on or before June 30, 2028, provided, however, that the warrants will not be exercisable for a period of 60 days following the closing date of the offering.

Canaccord Genuity Corp. acted as sole agent and sole bookrunner in connection with the offering. As consideration for its services, the agent received: (i) a cash commission of $322,049.91, representing 7 per cent of the gross proceeds of the offering; and (ii) an aggregate of 412,884 compensation warrants, representing 7 per cent of the aggregate number of units issued pursuant to the offering, with each such broker warrant entitling the holder to purchase one share at the offering price at any time on or before June 30, 2028. The company also paid to the agent a corporate finance fee of $100,000 by issuance of an aggregate of 128,205 shares at the offering price.

The company intends to use the net proceeds from the offering for quantum hardware development, including human resources, lab facilities, software and equipment, research and product development, and the general working capital needs of the company.

The units were sold by way of private placement pursuant to Part 5A of National Instrument 45-106 (Prospectus Exemptions), as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption). The securities issued under the listed issuer financing exemption are not subject to a hold period pursuant to applicable Canadian securities laws.

About SuperQ Quantum Computing Inc.

SuperQ is reducing the technical and financial barriers to quantum and supercomputing commercialization. It is defining the next era of enterprise transformation, emerging as a partner for global organizations seeking direct quantum and supercomputing return on investment. It is also putting quantum computing in the palm of consumers' hands through ChatQLM to drive widespread adoption.

Its flagship Super platform strives to make the most advanced computational power intuitive and accessible. This will empower executives, leading research institutions and critical government agencies to unlock immediate business impact across finance, health care, logistics, defence and beyond, leveraging its proprietary artificial intelligence autopilots to turn complex challenges into executive-ready results with one-click productization and deployment. SuperQ Quantum is headquartered in Canada with a growing international presence, particularly in the United States, Middle East and Asia, strategically establishing superhubs in key regions.

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