BTQ secures French approval for QPerfect acquisition

• BTQ (NASDAQ:BTQ) received final French foreign investment approval to acquire remaining shares of QPerfect.
• The transaction is valued at up to €24.26 million, including cash, shares, and an earnout structure.
• The deal adds QPerfect’s quantum software tools and expands BTQ’s R&D presence in Strasbourg, France.

BTQ (NASDAQ:BTQ) received final approval from French foreign direct investment authorities to acquire all remaining shares of QPerfect, a quantum software company based in Strasbourg.

The approval follows regulatory conditions requiring QPerfect to maintain its headquarters in France and preserve R&D operations locally.

The total consideration for the deal is up to €24.26 million, with €18.59 million payable at closing and an earnout of up to €5.67 million tied to future performance.

The closing payment includes approximately €2.02 million in cash and €16.57 million in BTQ shares, along with additional equity-based components.

BTQ said the acquisition adds QPerfect’s MIMIQ™ quantum emulator, Digital Twin modeling tools, and Quantum Logical Unit (QLU™) control framework to its platform.

The company said the acquisition strengthens its European R&D hub in Strasbourg and supports quantum-safe network validation for defense, telecom, and critical infrastructure sectors.

BTQ also issued 198,808 restricted stock units to QPerfect’s chief executive officer as part of the transaction structure.