Quantum Cyber Claims That Recent Short Report Makes Materially Misleading Characterizations Of Its Capital Structure, Business Strategy And

Quantum Cyber N.V. (NASDAQ: QUCY ) ("Quantum Cyber" or the "Company"), a Nasdaq-listed autonomous defense technology company assembling an AI-powered System-of-Systems platform for drone warfare, counter-UAS, and border security applications, today responded to a recently published short-seller report (the "Short-Seller Report"). The Company believes the Short-Seller Report contains materially misleading characterizations of its capital structure, business strategy, and technology relationships, and is providing the following clarifications so that shareholders have accurate, sourced information. The Short-Seller-Report was made by a short-selling institute recently sued by a Nasdaq-traded company for $20M for similar actions. The Company notes that reports of this nature are typically published by parties that hold, or stand to benefit from, a short position in the subject company’s...