Disposition of Common Shares of SuperQ Quantum Computing Inc.

Transcend Capital Inc., controlled by Etienne Moshevich, disposed of 380,000 common shares of SuperQ Quantum Computing Inc. at $1.30 per share on August 14, 2025. This transaction reduced their direct ownership to 9.97% of SuperQ's outstanding shares, along with 498,500 warrants. The disposition strategically places their direct share ownership just below the 10% threshold that restricts warrant exercise, and an early warning report was filed to disclose this material change in holdings.

Analysis

Transcend Capital Inc., an entity controlled by Etienne Moshevich, has executed a strategic disposition of 380,000 common shares in SuperQ Quantum Computing Inc. at a price of $1.30 per share. This sale reduced its direct ownership from approximately 11.4% to 9.97%, placing it just below the critical 10% threshold. This level is significant as the firm is contractually restricted from exercising its 498,500 outstanding warrants if doing so would push its ownership to 10% or more. By managing its stake to below this level, Transcend Capital gains flexibility to potentially exercise these warrants in the future, which could increase its total ownership to approximately 11.86% of the then-outstanding shares. The transaction was disclosed via an early warning report, a standard Canadian regulatory requirement for material changes in ownership by significant shareholders. The stated future intent to potentially acquire or dispose of more securities is a boilerplate disclosure and provides no clear directional signal on its own, rendering the overall event neutral from a sentiment perspective.

Key Decisions for Investors

• Investors should monitor future early warning reports from Transcend Capital on SEDAR to gauge any further changes in conviction, as the firm has explicitly stated its holdings may change based on market conditions.
• The sale at $1.30 per share establishes a recent price point at which a major, informed shareholder was willing to reduce their position, providing a useful data point for valuation analysis.
• Consider the potential dilutive effect of the 498,500 outstanding warrants, as this disposition strategically positions Transcend Capital to potentially exercise them in the future, which would increase the total share count.