The cybersecurity firm Quantum eMotion has taken a definitive step toward listing its shares on a major US exchange. The company has filed a Form 40-F Registration Statement with the Securities and Exchange Commission (SEC), a key regulatory move in its plan to list its common shares on the NYSE American. Final approval from both the SEC and the exchange itself is still required.
Regulatory Pathway and Strategic Goals
The submission of the Form 40-F represents a formal milestone in Quantum eMotion’s pursuit of a “senior exchange” listing in the United States. According to the company, the proposed uplisting remains contingent upon two clear approvals: the SEC must declare the registration statement effective, and the NYSE American must grant the listing application. No specific timeline for these decisions has been provided.
A successful listing would broaden the company’s access to US investors, expanding beyond its current trading venues, the TSX Venture Exchange and the OTCQB marketplace. Quantum eMotion stated it will provide further updates as additional details become available.
Financial Position and Market Performance
Financially, Quantum eMotion reported a strong cash position of CAD 24.7 million as of September 30, 2025, according to InvestorNews. However, the company remains pre-revenue. Analysis from Simply Wall St in January estimated its net loss at approximately CAD 7.71 million.
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On the TSX Venture Exchange, Yahoo Finance data from late January showed the company with a market valuation of around CAD 1.12 billion. The stock has exhibited significant volatility, with Simply Wall St noting in mid-January that its share price had surged by over 95% in the preceding 90-day period.
Operational Roadmap and Recent Developments
The company’s operational roadmap highlights several key initiatives scheduled for the second half of 2025:
- July 2025: Completion of a CAD 12 million private placement.
- September 2025: Formation of a strategic alliance with Taiwan-based JMEM Technology for the co-development of a full-stack quantum-resilient security chip.
- September 2025: Finalization of Qastle, described as a quantum-secure hot wallet, in collaboration with Krown Technologies.
In a separate December announcement, the company noted it had become the largest holding within the Defiance Quantum ETF, as reported by InvestorNews.
The immediate focus for Quantum eMotion is now on the regulatory process. The next potential catalyst for the stock will be the SEC’s declaration of effectiveness for its Form 40-F filing and the subsequent approval from the NYSE American.
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