Locust Valley, N.Y. – October 06, 2026 -- Quantum X Inc. (OTC: QUTX) has signed a binding letter of intent to acquire an 80% interest in United Kingdom-based TraderMade Systems Ltd., a foreign exchange and financial market data provider, in a deal structured as both an equity purchase and debt acquisition.
Quantum X will pay $550,000 entirely in stock, not cash
The purchase price is fixed at US$550,000, payable through 550,000,000 Quantum X common shares priced at US$0.001 each. The shares will be fully paid but locked up for six months post-closing, with the share count fixed regardless of market price movements before completion.
Deal bundles equity with a £412,162.47 receivable
Beyond the 80% equity stake, Quantum X will acquire all rights held by seller Currency Mountain Holdings, LLC (CMH) to a GBP £412,162.47 receivable -- roughly US$544,000 -- owed by TraderMade, plus accrued interest. The structure immediately makes Quantum X both majority shareholder and primary creditor of the UK firm.
Independent valuation must confirm combined value tops $550,000
Closing requires an independent valuation verifying that the combined worth of the acquired shares and receivable meets or exceeds the US$550,000 purchase price. Quantum X also plans to commission PCAOB-audited financial statements covering TraderMade's two most recent fiscal years, targeted for delivery within 71 days of closing.
Up to 90 days of cross-border due diligence precedes closing
Given TraderMade's UK operations, the parties expect to allow as long as 90 days for financial, legal, tax, technical and commercial due diligence, including review of regulatory and ownership-transfer requirements. Closing remains conditional on retention of key TraderMade personnel, all necessary regulatory and shareholder consents, clean title to the shares and receivable, and no material adverse changes at TraderMade.
Seller is affiliated with Quantum X, triggering related-party review
CMH is owned by Emil Assentato, making the transaction an affiliated-party deal subject to review and disclosure under applicable securities laws. The LOI conditions completion on board approval. TraderMade has operated for more than three decades, supplying real-time and historical FX data, APIs and technology tools to financial institutions, fintech firms and quantitative research teams -- datasets Quantum X intends to feed into its artificial intelligence and quantitative computing initiatives as it transitions toward quantum-technology ventures.