Announcement
BTQ Technologies Corp (NASDAQ:BTQ) announced on June 18, 2026 that it has entered into a sales agreement with Cantor Fitzgerald Canada Corporation and Cantor Fitzgerald & Co., which will act as agents to conduct an at‑the‑market (ATM) equity offering of up to C$150 million in common shares. The offering will be executed as at‑the‑market distributions on Cboe Canada and the Nasdaq Global Market.
Market Reaction
Following the announcement, BTQ’s shares fell 6.6 % in after‑hours trading on Thursday, June 19, 2026.
Use of Proceeds
The company stated that net proceeds from the ATM program will be used for working‑capital purposes, to strengthen its balance sheet, and to provide flexibility for operations and potential future acquisitions.
Offering Mechanics
The agents are not obligated to sell any specific number of shares or a minimum dollar amount; they will use commercially reasonable efforts to sell shares on the company’s behalf. BTQ may instruct the agents to stop selling if the price achieved is below a level designated by the company. There is no minimum amount that must be raised, meaning the program could terminate after raising only a small portion of the C$150 million target or none at all. The volume and timing of sales will be determined at BTQ’s sole discretion at prevailing market prices.
Termination and Listing Conditions
The ATM program will remain effective until all authorized shares are sold, the program is terminated pursuant to the sales agreement, or the Canadian base‑shelf prospectus expires. Shares sold under the program will be listed on Cboe Canada and Nasdaq only after satisfying the applicable listing requirements.
Company Profile
BTQ Technologies is a global quantum‑technology company focused on securing mission‑critical networks.