Plurilock Files Information Circular and Schedules Shareholder Vote for C$33.8M ($24M USD) Acquisition by Quantum eMotion

Cybersecurity solutions provider Plurilock Security Inc. (TSXV: PLUR) has officially filed its management information circular and scheduled a special shareholder meeting for November 18, 2026, to vote on its proposed acquisition by quantum entropy and post-quantum cryptography developer Quantum eMotion Corp. (NYSE American: QNC; TSXV: QNC).

First announced in late September 2026, the court-approved plan of arrangement values Plurilock at approximately C$33.8 million (~$24 million USD), representing total consideration of C$0.28 per share—a 100% premium over Plurilock's 20-day volume-weighted average price prior to announcement. Under the agreed terms, Plurilock shareholders will receive C$0.084 in cash (30%) and 0.0763 of a Quantum eMotion common share (70%) for each share held.

The transaction is designed to accelerate commercial adoption of Quantum eMotion's quantum random number generators (QRNG) and FIPS 140-3/NIST 800-90B validated entropy technologies by embedding them into Plurilock’s established AI-driven identity, critical IT, and public-sector procurement channels across Canada, the U.S., and NATO alliance partners.

Plurilock's Board of Directors unanimously recommends that shareholders vote in favor of the arrangement, which requires two-thirds majority approval at the November 18 meeting alongside customary court and stock exchange approvals.

Review the transaction filing on Newsfile Corp here, examine customer continuity details on the Plurilock Portal here, inspect the definitive agreement release on the Plurilock Pressroom here, and read our initial transaction report here.

October 21, 2026