Redwood AI Corp. (CSE: AIRX) (OTCQB: RDWCF) (Frankfurt: Y0N, WKN: A422EZ) has entered into a definitive share purchase agreement to acquire Vancouver-based Quantum.IQ Technologies Inc., expanding its technology platform into quantum-resistant cybersecurity, cryptographic intelligence and enterprise security infrastructure modernization. The acquisition is expected to broaden Redwood’s exposure beyond AI and operational intelligence into post-quantum cybersecurity, enterprise resilience and critical infrastructure modernization, subject to customary closing conditions and regulatory approvals.
Under the agreement, Redwood will issue up to 14,033,558 common shares valued at approximately $2.98 per share, including 7,033,558 base shares and up to 7 million milestone shares tied to customer, revenue and EBITDA targets. Redwood said the combination of its AI capabilities with Quantum.IQ’s post-quantum cryptography platform is expected to strengthen its position in security-sensitive markets serving government, defense, financial services and critical infrastructure organizations.
To view the full press release, visit https://ibn.fm/brYSH.
Redwood AI uses advanced artificial intelligence to accelerate chemistry R&D, with the aim of assisting in drug discovery and development, and furthering defense and safety solutions. The Company combines expertise in chemistry, AI, and manufacturing to streamline drug synthesis and scale-up. Redwood AI’s platform is designed to enable faster, more efficient development of new therapies and chemistry-driven applications.
The latest news and updates relating to RDWCF are available in the company’s newsroom at https://ibn.fm/RDWCF.
