Quantum Base has become the first Lancaster University spinout to float on the London Stock Exchange following its successful fundraising and admission to trading.
The company鈥檚 ordinary shares are now trading on the LSE AIM market under the ticker 鈥淨UBE鈥�, following a 拢4.8m fundraising.
The proceeds will support and accelerate the firm鈥檚 commercialisation, with plans to fund product development and new key commercial and operational hires.聽
鈥淭oday鈥檚 a pivotal moment in Quantum Base’s journey, as we commence trading on the London Stock Exchange,鈥� said Professor Rob Young, founder of Quantum Base.
鈥淭his milestone is not merely a financial achievement; it represents the realisation of our vision to harness quantum technology to address pressing real-world challenges.
鈥淭he funds raised through this IPO will accelerate the commercialisation of Q-IDs, propelling our technology into a phase of rapid growth. Our ambition is bold: to establish Q-IDs as the new global standard in anti-counterfeiting, safeguarding products and consumers worldwide.鈥�
On-Target Dote pitch wins deal with world鈥檚 biggest retailer
The company is focused on the development and application of its patented Q-ID solution 鈥� unbreakable and non-replicable authenticity tags that can be applied to a vast array of products, significantly mitigating counterfeiting.聽
Tom Taylor, CEO of Quantum Base, added: 鈥淲e are thrilled to commence trading on AIM, marking a key step in our decade long journey from a Lancaster University spin-out to a British scientific success story.聽
鈥淔loating on AIM is a major milestone for Quantum Base and provides further independence and credibility for our business.
鈥淥ur Q-ID solution can address the challenges that counterfeiting presents to global brands, governments and consumers, and with access to a world-leading market, I believe we are well-placed to become the new global standard in authentication.聽
鈥淗aving already signed major contracts, we look forward to growing the company and our customer base whilst delivering value for our stakeholders.鈥�