IN BRIEF: Quantum Blockchain stock falls after GBP2 million placing

Quantum Blockchain Technologies PLC - London-based, blockchain sector-focused investor - Raises ...

Alliance News 23 January, 2025 | 2:30PM
Email Form Facebook Twitter LinkedIn RSS

Quantum Blockchain Technologies PLC - London-based, blockchain sector-focused investor - Raises GBP2.0 million before expenses through the placing of 173.9 million new shares at 1.15 pence each. Stock was trading at 1.59p per share at the close on Wednesday. Quantum Blockchain will use the proceeds to fund its cryptocurrency research & development programmes, recruit more staff to R&D, repay legal costs associated with its legacy assets and support its existing investment portfolio.

Current stock price: 1.20p, down 24% on Thursday afternoon in London

12-month change: up 6.2%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Quantum Blockchain Technologies PLC 1.21 GBX -22.93 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures