BTQ Technologies Receives Regulatory Approval From French Foreign Direct Investment Authorities For Acquisition Of Remaining Ordinary Shares

Acquisition adds QPerfect's MIMIQ™ quantum emulator, Digital Twin capabilities, and Quantum Logical Unit to BTQ's expanding technology stack, advancing its mission of Building Trusted Quantum Technologies.

VANCOUVER, BC, July 1, 2026 /CNW/ - BTQ Technologies Corp. ( "BTQ" or the "Company" ) (NASDAQ: BTQ ) (CBOE CA: BTQ), a global quantum technology company focused on securing mission-critical networks, is pleased to announce that it has received regulatory approval from the French Foreign Direct Investment ("FDI") authorities for its previously announced acquisition (the " Acquisition ") of the remaining ordinary shares of QPerfect SAS (" QPerfect "), a French quantum computing company based in Strasbourg, France, specializing in quantum software, emulation, digital twin capabilities, and control systems.

The total purchase price for the Acquisition is comprised of (a) €18,592,242.83 paid on closing (the " Closing Consideration "), which consisted of €2,024,000.13 paid in cash and €16,568,242.70 paid by the issuance of 2,195,929 common shares in the capital of BTQ (" Common Shares "); and (b) an earnout payment of up to €5,672,680.72 (the " Earnout Consideration "), consisting of €440,604.07 payable in cash and €5,232,076.65 payable by the issuance of 693,450 Common Shares, with all Common Shares being issued at a price of approximately €7.54 per share based upon the applicable trading price as at the time the Acquisition was agreed upon.

The Earnout Consideration is dependent on the achievement of certain milestones.

In connection with the Acquisition, the Company also issued 198,808 restricted share units to Philippe Blot, the CEO of QPerfect, who is continuing on in his role with QPerfect.