Redwood AI Signs Letter of Intent for Potential Acquisition of Quantum.IQ

Redwood AI Corp. announced on May 28, 2026, that it has signed a non-binding letter of intent (LOI) to pursue the acquisition of Quantum.IQ. The companies are now entering a negotiation phase, with no guarantee that a definitive agreement will be reached or that the transaction will be completed.

Quantum.IQ, based in Vancouver, British Columbia, develops AI-driven quantum cybersecurity software. Its platform is designed to help high-security organizations, including government, defense, and financial services, identify and upgrade their encryption systems to protect sensitive data from future threats posed by quantum computers. The company's Post-Quantum Cryptography (PQC) platform focuses on enabling end-to-end quantum-resilient security adoption.

Under the terms of the LOI, Redwood would acquire Quantum.IQ in exchange for Redwood common shares. The proposed consideration includes up to 7 million shares at closing, plus an additional 7 million shares contingent on achieving specific milestones. The final purchase price and terms will be determined through mutual due diligence and negotiation of definitive documentation. All consideration shares will be subject to tiered release conditions over a 24-month period.

Redwood believes that Quantum.IQ's technology will complement its existing focus on artificial intelligence and advanced computational technologies by adding capabilities in cryptographic intelligence and quantum-readiness assessment. The acquisition remains subject to satisfactory due diligence, negotiation of definitive agreements, and all required regulatory approvals, including from the Canadian Securities Exchange.