Redwood AI Corp. Expands Its Reach Through Acquisition of Quantum.IQ Technologies
Vancouver, BC — June 27, 2026: Redwood AI Corp. (CSE: AIRX) has announced a new development in its growth strategy by entering into a share purchase agreement to acquire Quantum.IQ Technologies Inc. This agreement, signed on June 26, 2026, will allow Redwood to take over all the shares of Quantum.IQ, subject to standard closing conditions.
This acquisition is expected to enhance Redwood’s capabilities in critical areas such as quantum-resistant cybersecurity and advanced cryptographic solutions. The move aligns well with Redwood’s existing focus on artificial intelligence and operational technologies while also opening up new avenues in the cybersecurity market.
About Quantum.IQ
Based in Vancouver, Quantum.IQ is a quantum cybersecurity company that utilizes AI to help sensitive organizations—ranging from government and defense to finance—protect their data against future cyber threats. Their Post-Quantum Cryptography platform assists clients in managing their encryption systems, helping to identify vulnerabilities and ensure readiness for upcoming technological challenges.
Strategic Importance of the Acquisition
Redwood CEO Louis Dron emphasized the importance of integrating Quantum.IQ’s advanced cybersecurity capabilities into Redwood’s broader mission: “As we extend our platform into areas where security and trust are vital, having quantum-resistant cybersecurity becomes a natural addition to our strategy.”
Kevin O’Neill, CEO of Quantum.IQ, also expressed confidence in the merger, predicting that it will enhance both firms’ ability to solve pressing cybersecurity challenges faced by governments and enterprises alike.
Agreement Highlights
As part of the acquisition agreement, Redwood will issue a total of 14,033,558 shares to Quantum.IQ’s shareholders, valued at around $2.98 each. The shares will be released to Quantum.IQ’s shareholders in phases over the next two years.
Additionally, milestone shares will be issued based on Quantum.IQ achieving specific revenue targets, incentivizing performance as they transition into Redwood.
The acquisition remains contingent on typical closing conditions, including necessary regulatory and corporate approvals. Redwood is hopeful about this strategic move, although the outcome isn’t guaranteed.
About Redwood AI Corp.
Redwood AI Corp. specializes in utilizing advanced AI technologies to streamline drug development and enhance safety solutions. The company’s focus on innovation positions it to make significant advancements in various sectors, paving the way for comprehensive approaches to pressing challenges.
For further details regarding this acquisition, contact:
Louis Dron
Chief Executive Officer
Phone: +1 888 530 8488
Email: investors@redwoodai.com
This announcement underlines Redwood’s commitment to integrating cutting-edge technology and maintaining a competitive edge in the continually evolving landscape of cybersecurity and artificial intelligence.
