`
VANCOUVER, BC, March 10, 2025 – BTQ Technologies Corp. (the “Company”) (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-critical networks, is announcing via this press release that Olivier Roussy Newton is reporting the acquisition of 150,000 common shares (the “Common Shares”) of BTQ Technologies Corp. which occurred on February 19, 2025. These Common Shares were purchased at a price of $3.4257 each, totaling $513,855 in cash.
Before this acquisition, Mr. Olivier Roussy Newton had beneficial ownership or control of 42,000,000 Common Shares, which equaled about 31.82% of all outstanding Common Shares (without dilution).
After the acquisition, Mr. Olivier Roussy Newton now has beneficial ownership or control of 42,150,000 Common Shares, representing approximately 31.93% of the total issued and outstanding Common Shares (on a non-diluted basis).
Mr. Olivier Roussy Newton‘s acquisition of the Common Shares was a standard business transaction for investment purposes. Depending on the state of the market, his opinion of BTQ Technologies Corp.’s future, and other relevant considerations, Mr. Olivier Roussy Newton may decide to buy more Common Shares, sell some or all of his current Common Shares, or continue holding them.
This press release fulfills the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A more detailed early warning report will be filed and accessible on SEDAR+ under the Company’s profile at . To get a copy of the early warning report, please contact the representative listed below.
About BTQ
BTQ was established by a team of post-quantum cryptography experts focused on tackling the pressing security risks presented by large-scale quantum computers. Supported by leading research institutions and universities, BTQ is integrating software and hardware solutions to protect vital networks through unique post-quantum services.
Connect with BTQ: |
ON BEHALF OF THE BOARD OF DIRECTORS
Olivier Roussy Newton
CEO, Chairman
Neither Cboe Canada nor its Regulation Services Provider is responsible for the correctness or suitability of this announcement.
Forward Looking Information
Certain statements included herein constitute forward-looking statements and forward-looking information as defined by applicable securities laws. Such statements include, but are not limited to, statements concerning the Company’s business plans, notably its research partnerships, and the anticipated markets for listing its common shares. Forward-looking statements can often be recognized by terms such as “anticipate”, “intend”, “expect”, “plan” or “may,” with variations of these words signaling such statements.
The Company has made several assumptions, including those regarding general business and economic conditions, the advancement of post-quantum algorithms and quantum vulnerabilities, and the quantum computing sector at large. This list is not exhaustive.
While the Company’s management believes these assumptions and expectations are reasonable, there is no guarantee that these forward-looking statements will be accurate. These statements are based on assumptions and involve risks that could cause actual results to differ materially from anticipated results. These risks include: the availability of company financing; general business and economic conditions in the post-quantum and encryption computing industries; the speculative aspect of the Company’s research and development; supply and demand for labour, technological post-quantum, and encryption technology; unexpected events in regulatory, licensing, and environmental matters; changes in economic or financial market conditions; changes in laws (including blockchain regulations); risks related to the direct and indirect impact of COVID-19, including its effect on general economic conditions and the ability to obtain necessary financing, and potential delays in research and development; and other risk factors detailed periodically. The Company is not obligated to update any forward-looking information, except as required by securities laws.
SOURCE BTQ Technologies Corp.