Quanome Launches $9.75M ATM With Maxim at $0.474, ~60% of Shares Outstanding
QNME sits 92% above its 52-week low of $0.25.
Summary
Quanome signed a $9.75M at-the-market sales agreement with Maxim covering up to 20.58M shares at $0.474 — about 60% of shares outstanding if fully used — with no minimum sale requirement and 3% commission.
Key Events · Financing and Capital Events · QNME
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ATM Program Sized at $9.75M
Sales agreement with Maxim Group dated October 21, 2026 covers up to $9,754,475, or 20,579,061 shares at the $0.474 last reported sale price on October 20, 2026.
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Roughly 60% of Shares Outstanding
20.58M shares versus 34.43M outstanding — if fully sold, the share count would rise by about 60%, though no shares have been sold yet and sales are at the company's discretion.
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3% Commission, ~$204K Expenses
Maxim receives up to 3% of gross proceeds plus reimbursement of up to $40,000 in legal fees; total offering expenses excluding commission are estimated at about $203,904.
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Immediate $0.18 Per-Share Dilution
At the $0.474 assumed price, as-adjusted net tangible book value rises to $0.29 per share from $0.20, leaving new investors $0.18 per share below the offering price.
Analysis · QNME · Energy & Transportation
Quanome has put a $9.75M at-the-market program in place with Maxim Group, sized at 20.58M shares at the $0.474 last reported sale price — against 34.43M shares outstanding, that is roughly 60% of the current share count if fully sold. No committed capital comes with the deal: Maxim sells on a commercially reasonable efforts basis, so proceeds arrive only as shares are drip-fed into the market. The timing matters because the 10-K filed September 25, 2026 carried a going-concern warning and a Nasdaq bid-price deficiency with a January 4, 2027 deadline to regain $1.00, and management has said it would cure by reverse split if needed. Cash raised here funds working capital and the AI compute build-out, but the mechanism itself pressures the share price: each sale adds supply, and the filing flags immediate $0.18 per-share dilution to new buyers. The 3% commission and roughly $204K of expenses are modest; the real cost is the overhang.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.4% of the 1563 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, QNME was trading at $0.48 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $16.5M. The 52-week trading range was $0.25 to $1.40. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.