Redwood AI acquires Quantum.IQ

Redwood AI Corporation Corp. has entered into a definitive share purchase agreement to acquire Quantum.IQ Technologies Inc., a Vancouver-based AI-driven quantum cybersecurity company. This acquisition, announced on June 27, 2026, will expand Redwood AI Corporation's technology platform into quantum-resistant cybersecurity, cryptographic intelligence, and enterprise security infrastructure modernization. The deal involves Redwood AI Corporation issuing up to 14,033,558 common shares, valued at approximately $2.98 per share, to Quantum.IQ Technologies Inc. shareholders. The consideration includes 7,033,558 base shares and up to 7 million milestone shares tied to customer, revenue, and EBITDA targets. The acquisition is expected to broaden Redwood AI Corporation's exposure beyond AI and operational intelligence into post-quantum cybersecurity, enterprise resilience, and critical infrastructure modernization, targeting high-security organizations like government, defense, financial services, and critical infrastructure sectors. Louis Dron, CEO of Redwood AI Corporation, and Kevin O Neill, CEO of Quantum.IQ Technologies Inc., both expressed optimism about the strategic benefits of combining their respective AI and post-quantum cryptography platforms.