Quantum Cyber NV (NASDAQ:QUCY) on Monday responded to a recently published short-seller report, arguing that it contains misleading claims about the company’s capital structure, business strategy and technology relationships.
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The AI-supported defense platform company said the report incorrectly described its capital structure as having a “hidden” share count.
According to the company, the convertible preferred securities referenced in the report and their potential conversion into ordinary shares have already been disclosed in SEC filings and previous press releases.
The company also said the $6 million cited in the report represents capital invested by David Lazar, Quantum Cyber’s CEO, to support operations and growth. It added that Lazar remains subject to insider trading laws, making the report’s “insider dump” narrative inconsistent.
Company Defends Autonomous Defense Strategy
Quantum Cyber disputed the report’s characterization of its business strategy, saying its focus is on combining quantum-accelerated artificial intelligence with autonomous defense technologies.
It added that while Mainz Biomed N.V. previously served as its public listing vehicle, the company has since shifted its focus to autonomous defense technologies.
Quantum Cyber cited multiple patent filings covering its defense products.
Quantum Technology, BP United and SpaceX Addressed
The company also defended its relationship with BP United Inc., saying the defense products listed on the manufacturer’s website are not yet authorized for commercial sale, rather than indicating an inactive business.
Addressing claims surrounding Project LightShift, Quantum Cyber said it secured exclusive worldwide rights in June 2026 to patent-protected quantum photonic array technology for defense drone applications.
Finally, Quantum Cyber said the short-seller report misrepresented its announcement regarding SpaceX (NASDAQ:SPCX).
The company clarified that its board approved the engagement of investment banking professionals to facilitate a potential acquisition of an equity stake in SpaceX, but it did not announce the purchase of shares at any specific price.
It said any investment would be pursued in line with its strategic objectives and disclosed in accordance with applicable regulations.
Planned Connecticut Facility Could Produce Up To 100,000 Drones Annually
Also on Monday, Quantum Cyber outlined production targets for its proposed manufacturing facility in Bridgeport, Connecticut, projecting an annual output of approximately 100,000 drones once the site is fully operational.
Separate Assembly Lines Planned For Drone Platforms
The company said its manufacturing model envisions multiple automated assembly lines operating simultaneously, with one dedicated to kamikaze one-way attack drones and another configured to produce autonomous interceptor systems.
Quantum Cyber said this planned infrastructure could reduce reliance on external suppliers while enabling faster production scaling as contract awards and procurement volumes increase.
QUCY Stock Price Activity: Quantum Cyber shares were up 0.91% at $1.46 at the time of publication on Monday, according to Benzinga Pro data.
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