The amendment improves near-term cash position by $5M and accelerates share issuance, but the vesting structure and removal of termination rights lock the company into the license. The slide deck is heavy on forward-looking narrative with no financials — monitor for actual contract awards or revenue recognition before assigning fundamental value.
Price Chart
Executive Summary
Quantum Cyber N.V. amended its IP license agreement with BP United, eliminating a $5M cash payment to BP United and instead retaining those funds to ramp up its own manufacturing operations for licensed defense products. The amendment also accelerates issuance of consideration shares (now within 10 days) with a 4-quarter vesting schedule, removes the company's right to terminate without cause, and replaces a planned supply agreement with technical assistance from BP United. The accompanying slide deck outlines the company's pivot to autonomous defense systems with LOIs from General Cherry and SOCOM, but provides no financial data or revenue figures.
Key Financial Metrics
Key Facts
- Quantum Cyber eliminated a $5,000,000 cash payment to BP United and will retain those funds for manufacturing ramp-up.
- Consideration shares (Licensor and Advisor) will be issued within 10 days and vest in 4 equal quarterly installments through September 30, 2027.
- Quantum Cyber removed its right to terminate the license agreement without cause.
- BP United will provide technical assistance and consulting for 12 months instead of a supply agreement.
- Slide deck discloses LOIs signed with General Cherry and SOCOM for SWARM-X and FALCON 55 platforms, but no binding purchase orders or revenue.
- Company reports 22.7M shares outstanding, zero debt, and zero warrants outstanding.
- Market cap is $56M with 0% analyst bullish rating (3 Hold, 1 Sell, 2 Strong Sell).
Financial Impact
Cash conservation of $5M redirected to manufacturing; no revenue or earnings data provided in filing.
Risk Factors
- No revenue or earnings data in filing — company is pre-revenue with no disclosed path to profitability.
- Consideration shares create dilution over 4 quarters with no guaranteed business outcome.
- LOIs are non-binding and may not convert to firm orders.
- Analyst consensus is 0% bullish with 3 sells/strong sells out of 6 ratings.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-064465 |
| Document: ea0293396-8k_quantum.htm | 0001213900-26-064465 |
| Document: ea029339601ex99-1.htm | 0001213900-26-064465 |
| Document: 0001213900-26-064465-index-headers.html | 0001213900-26-064465 |
| Document: 0001213900-26-064465-index.html | 0001213900-26-064465 |
| Document: 0001213900-26-064465.txt | 0001213900-26-064465 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Press Release | $1.03 | awaiting T+20 | — | $0.8520 (−17.28%) |
Oct 16, 2026 10d ago | 8-K | $1.07 | awaiting T+20 | — | $0.8520 (−20.37%) |
Oct 9, 2026 17d ago | 8-K | $1.03 | awaiting T+20 | — | $0.8520 (−17.28%) |
Oct 9, 2026 17d ago | 424B5 | $1.03 | awaiting T+20 | — | $0.8520 (+17.28%) |
Sep 28, 2026 28d ago | Press Release | $1.36 $0.8515 | ▼ −37.39% | ▼ −37.36% | $0.8520 (−37.35%) |
Sep 25, 2026 4w ago | 8-K | $1.37 $1.01 | ▼ −26.28% | ▼ −24.80% | $0.8520 (−37.81%) |
Sep 25, 2026 4w ago | Press Release | $1.37 $1.01 | ▼ −26.28% | ▼ −24.80% | $0.8520 (−37.81%) |
Aug 13, 2026 10w ago | Press Release | $1.42 $1.34 | ▼ −5.63% | ▼ −3.89% | $0.8520 (−40.00%) |
Jul 24, 2026 13w ago | 8-K | $1.08 $1.30 | ▲ +20.37% | ▲ +16.74% | $0.8520 (−21.11%) |
Jul 16, 2026 14w ago | Press Release | $1.19 | awaiting T+20 | — | $0.8520 (−28.40%) |
US Market Status
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