Quantexa - one month later: Total Silence

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CRUNCHBASE shows Quantexa today as being a $2bn Unicorn that has raised $370m equity

That simply isn't true.

FIRSTLY:

On 31 March 2022 the directors reported, and the auditors confirmed, that $153m had been raised in Series D. That was not true as confirmed by the auditors on 17 July 2023. Only $116m was received and shares were issued between 9th and 13th July 2021 with another $4m raised and shares issued on 1st September 2021. 

On 13 July 2021 Quantexa stated $153m had been raised when they knew it had not been.

Why did the directors and auditors make those knowingly false statements and repeat them 8 months later?

SECONDLY:

On 17 July 2023 the auditors confirmed that $129m had been raised in Series E. No Series E shares have ever been issued according to all official records.


THAT IS A TOTAL OF $162M THAT HAS NOT BEEN RAISED - - 43% of $370M.

SHARES IN ISSUE today: 1,659,662

at the Series D price the Unicorn is missing more than one leg!


And you can watch all the hype from The London Stock Exchange at

https://www.londonstockexchange.com/discover/news-and-insights/london-stock-exchange-group-welcomes-quantexa-celebrating-successfully-closing-their-series-e-fundraising



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