Quantum Cyber N.V. (NASDAQ:QUCY) ("Quantum Cyber" or the "Company"), a Nasdaq-listed autonomous defense technology company assembling an AI-powered System-of-Systems platform for drone warfare, counter-UAS, and border security applications, today announced that, effective June 7, 2026, it has terminated its at-the-market issuance sales agreement with Maxim Group LLC (the "ATM Facility"), originally dated October 1, 2025 and amended on May 4, 2026.
The termination reflects the Company's significantly strengthened financial position following the completion of over $15 million in warrant exercise proceeds received in May 2026, as previously disclosed. With its enhanced balance sheet and the retirement of prior debt obligations, Quantum Cyber determined that the ATM Facility is no longer necessary to support its operating or strategic objectives at this time.
The Company's capital structure is currently debt-free, with no exercisable warrants outstanding. Management believes the existing cash position provides sufficient runway to fund the continued build-out of its autonomous defense platform, including the execution of its disclosed technology licensing pipeline, ongoing patent prosecution, research and development expansion, and strategic acquisition activity currently in progress.