Then read the very next paragraph, in full, from the section of the announcement you copied
"Under the ATM, QX has full discretion whether or not to utilise the ATM, the maximum number of shares
to be issued, the minimum issue price of shares and the timing of each subscription (if any). There are no
requirements for QX to utilise the ATM and QX may terminate the ATM at any time, without cost or penalty. DCI
and the ATM do not place any restrictions at any time on QX raising capital through other methods."
Looks pretty much to me like QX has full control over whether or not they use the ATM
"At DCI's election..." means that DCI has elected to provide QX with the ATM which QX can use if they so desire
