Mr. Eugene Profis reports

QUANTUMCORE ANNOUNCES CLOSING OF STRATEGIC INVESTMENT AND UPSIZE OF OFFERING

Quantumcore Ltd. has completed an upsized first tranche of its previously announced non-brokered private placement financing. Pursuant to the first-tranche closing, the company issued 2,343,945 common shares of the company at a price of $2 per share for aggregate gross proceeds of $4,687,890.

The company is also pleased to announce that it has upsized the offering from $4,269,600 to aggregate gross proceeds of up to $5,113,890. Of such amount, $4,687,890 has been raised pursuant to the first-tranche closing announced herein, with the remaining $426,000 to be raised from existing shareholders with the goal of maintaining their respective ownership interests in the company pursuant to a second tranche expected to close on or about Aug. 18, 2026, subject to customary closing conditions and regulatory approvals, including the approval of the Canadian Securities Exchange.

Quantumcore intends to use the net proceeds of the offering for general corporate and working capital purposes.

All shares issued pursuant to the offering will be subject to a hold period of four months and one day from their respective dates of issuance in accordance with applicable Canadian securities laws.

Wildeboer Dellelce LLP is acting as Canadian legal counsel to Quantumcore in connection with the offering.

About Quantumcore Ltd.

Quantumcore is building the critical infrastructure that will enable the next generation of quantum computers. The company develops advanced quantum hardware technologies, including superconducting quantum amplifiers and single-photon detector solutions, designed to address the performance and scalability challenges facing the rapidly growing quantum computing industry. Through a combination of internal innovation and strategic acquisitions, Quantumcore aims to become a leading supplier of essential hardware powering quantum computing systems around the world.

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