Quantum Blockchain (QBT) Follow | QBT, a technology company focused on quantum computing, blockchain, cryptocurrencies and AI, issued a statement regarding previously announced rollover of the sale and repurchase agreement (REPO) entered between its CEO and Executive Chairman Francesco Gardin and MC Strategies AG.

Quantum Blockchain said that Gardin and MC Strategies have agreed to amend the repurchase price and date of the REPO. The term under which Gardin is to repurchase 5,000,000 ordinary shares in QBT has been extended from September 20, 2023 to March 31, 2024, and the repurchase price has been amended from 3.3172p to 3.3578p/share (representing a 5% annual interest on the initial price of 3p).

All other terms of the REPO remain unchanged.

In addition to the 5,000,000 ordinary shares which are the subject of the REPO, Gardin is currently the beneficial owner of a further 29,284,149 ordinary shares, representing 2.27% of QBT‘s total issued share capital.