QuantumCore completes C$ 2 million acquisition of Avalanche PhotoniQ

• QuantumCore completed the acquisition of Avalanche PhotoniQ under a share purchase agreement effective Sept. 9, 2026.
• Consideration totaled CAD 2 million, including CAD 1.07 million paid at closing.
• CAD 930,000 is payable after production of 100 qualifying detectors, settled in cash, QuantumCore shares, or a mix.
• Sellers may receive a one-time CAD 1 million earn-out if annual net revenue reaches CAD 1 million during the earn-out period.
• Deal adds a foundry-ready single-photon detector platform, expanding QuantumCore’s quantum infrastructure portfolio beyond superconducting amplifier hardware.

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