This private companies (SQC) shareholders are The Commonwealth Government of Australia, NSW Government, CBA, Telstra and UNSW. AXE shareholders are DIY DYOR's who find this announcement too complex to comprehend. Not a single institutional holder on the register except for ETF providers due to its' inclusion in Technology Index.
This private company (SQC) is also having a second Series A raising which is larger than the market capitalization of AXE. I am not privy to the terms and therefore valuation, but I would it think it would be a couple of multiplies of AXE. They both started in 2017. They are also providing a "roadmap" for how the funds are going to be deployed.
This private company (SQC) has actual world renowned quantum scientists. Go and google Michelle Simmons or look at her Wikipedia page. They also don't have chairman paying himself more than a non-executive director of BHP that sits on a committee.
AXE Price at posting:
62.5¢ Sentiment: None Disclosure: Held
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