Expect significant dilution over the coming months as the company taps this shelf to fund operations and its pivot to drone technology. The going-concern warning and zero-revenue profile make any equity issuance highly dilutive. Monitor for prospectus supplements that will reveal actual offering size, pricing, and structure — likely an ATM or registered direct offering at a discount to market.
Price Chart
Executive Summary
Quantum Cyber N.V. filed a universal shelf registration statement on Form S-3 to register up to $250,000,000 in securities (ordinary shares, preferred shares, warrants, subscription rights, and/or units) for future sale. The company has no revenue, an accumulated deficit of ~$110M, and a going-concern qualification in its most recent 10-Q, making this a desperation capital raise to fund a pivot from cancer diagnostics to AI/quantum drone technology.
Key Financial Metrics
Key Facts
- Shelf registration of up to $250,000,000 — ~4.5x current market cap of $56M
- Zero revenue in Q1 2026; net loss of $5.1M; accumulated deficit of ~$110.0M
- Going-concern qualification in the March 31, 2026 10-Q
- Cash balance of $4.45M at quarter-end; operating cash burn of ~$2.7M in Q1 2026
- Company pivoted from cancer diagnostics (Mainz Biomed) to AI/quantum drone technology in April 2026
- Stock closed at $2.45 on June 2, 2026, down from $3.56 on May 21, 2026 (public float calculation date)
Financial Impact
Up to $250M in potential dilution — over 4x the current $56M market cap. The company has no revenue and is burning ~$2.7M/quarter in operating cash.
Risk Factors
- Massive dilution: $250M shelf is ~4.5x current market cap
- Going-concern risk: company has no revenue, negative equity working capital, and substantial doubt about ability to continue
- Business model pivot risk: transition from cancer diagnostics to AI/quantum drones is unproven with no revenue or contracts
- Nasdaq listing risk: continued low share price could trigger minimum bid price compliance issues
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-3 Filing (Primary) | 0001213900-26-064908 |
| Document: ea029338801ex5-1.htm | 0001213900-26-064908 |
| Document: ea029338801ex-fee.htm | 0001213900-26-064908 |
| Document: ea029338801ex5-2.htm | 0001213900-26-064908 |
| Document: ea029338801ex23-1.htm | 0001213900-26-064908 |
| Document: 0001213900-26-064908-index-headers.html | 0001213900-26-064908 |
| Document: 0001213900-26-064908-index.html | 0001213900-26-064908 |
| Document: 0001213900-26-064908.txt | 0001213900-26-064908 |
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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