Client news
QTREX raises $10 million as quantum interconnect story scales past $100 million market cap
$15 million to $100 million-plus in just over eight weeks since QTREX announced its acquisition of the AME business. And now, a $10 million private placement from a leading fundamental institutional investor.
QTREX is building the enablement layer the quantum computing industry will need — high-density, thermally optimized interconnects for the dilution cryostats that house the qubits at the heart of every scaling quantum system.
Over the past few weeks the QTREX team has been executing at record speed. Arx worked alongside them to rebuild the IR strategy, expand the investor base from medical to quantum, and position QTREX as the publicly listed picks-and-shovels play in the industry.
A.G.P. / Alliance Global Partners acted as sole placement agent. Sullivan & Worcester served as issuer counsel.
Congratulations to Dagi Ben-Noon and the entire QTREX team.