Quantum Cyber Files Audited and Reviewed Financial Statements and Pro Forma Financial Information for Bridgeport Manufacturing Acquisition
Norwalk, CT, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Quantum Cyber N.V. (Nasdaq: QUCY) (“Quantum Cyber” or the “Company”), a Nasdaq-listed autonomous defense technology company assembling an AI-powered System-of-Systems platform for drone warfare, counter-UAS, and border security applications, today announced that it has filed with the U.S. Securities and Exchange Commission an Amendment No. 1 on Form 8-K/A (the “Amendment”) to its Current Report on Form 8-K originally filed on July 16, 2026 in connection with the completion of the acquisition of the Bridgeport, Connecticut manufacturing facility by the Company’s wholly-owned subsidiary, Quantum Drones Corporation, and the associated operating business of Arcade Technology LLC and Arcade Realty LLC (together, “Arcade”).
The Amendment furnishes the historical financial statements of the acquired business and the pro forma financial information required by Items 9.01(a) and (b) of Form 8-K, which were permissibly omitted from the original Current Report at the time of closing.
Independent Audit of the Acquired Business
Included as Exhibit 99.1 to the Amendment are the audited combined financial statements of Arcade Technology LLC and Arcade Realty LLC as of and for the years ended December 31, 2025 and December 31, 2024, accompanied by an unqualified independent auditors’ report issued by Haskell & White LLP. The audit was conducted in accordance with U.S. GAAP. The auditors’ report contains no going-concern qualification.
Also, filed as Exhibit 99.2, are the unaudited interim combined financial statements of the acquired business as of June 30, 2026 and December 31, 2025, and for the six month periods ended June 30, 2026 and 2025, which have been reviewed, but not audited, by Haskell & White LLP in accordance with the applicable auditing standards for reviews of interim financial information.
The Company believes the filing of these financial statements provides independent, third-party validation of the underlying operating substance of the business acquired. As disclosed in the audited financial statements, the acquired business has operated as Arcade Metal Stamping since 1948, is ISO 9001:2015–certified, and serves a diversified customer base across end markets that include, among others, government and defense, automotive, electrical and electronics, medical, telecommunications, and transportation equipment, from an approximately 53,000-square-foot facility at 38 Union Avenue, Bridgeport, Connecticut.
Unaudited Pro Forma Financial Information
Filed as Exhibit 99.3 is the unaudited pro forma condensed combined financial information giving effect to the acquisition, prepared in accordance with Article 11 of Regulation S-X. As disclosed in the pro forma financial information:
Retention of Seller Principals
As previously disclosed and reaffirmed in the audited financial statements, at closing, Quantum Drones Corporation entered into three-year employment agreements, each with non-compete covenants, with Steven Pepe, the former Chief Executive Officer and Member of Arcade, and William Rhone, the former Chief Financial Officer and Member of Arcade. The retention of the acquired business’s founding operators is intended to preserve customer relationships, tooling know-how, and manufacturing continuity as the facility is integrated into the Company’s domestic autonomous defense manufacturing platform.
Management Commentary
“When we announced this acquisition, we told shareholders we were buying a real, cash-generating American manufacturing business — not a shell, not a concept, not a pilot line — and that we were doing it clean, with cash, with no assumed debt, and with the operators staying on,” said David Lazar, Chief Executive Officer of Quantum Cyber. “Today’s filing puts audited numbers behind that description. We believe the audit report, the pro forma information, and the purchase price allocation together speak to the substance of what we acquired and to the discipline of how we acquired it.”
Availability of the Filing
The Form 8-K/A, including the audited historical financial statements filed as Exhibit 99.1, the unaudited interim historical financial statements filed as Exhibit 99.2, and the unaudited pro forma condensed combined financial information filed as Exhibit 99.3, is available on the SEC’s website at www.sec.gov and on the Investors section of the Company’s website at www.quantum-cyber.ai.
About Quantum Drones Corporation
Quantum Drones Corporation is a wholly owned Nevada-incorporated subsidiary of Quantum Cyber N.V. established to serve as the operational vehicle for the Company’s domestic defense technology programs and U.S. government procurement activities.
About Quantum Cyber N.V.
Quantum Cyber N.V. (Nasdaq: QUCY) is assembling an AI-powered, quantum-accelerated System-of-Systems autonomous defense platform that integrates drone warfare, counter-UAS, autonomous naval mine countermeasures, EMP shielding, anti-drone ammunition, command-and-control, and quantum antenna applications under a single Nasdaq-listed company. The Company acquires, licenses, and develops combat-proven autonomous technologies, deploying them as a coordinated, multi-domain portfolio across air, land, and sea. For more information, visit www.quantum-cyber.ai.
Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,” “plan,” “intend,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements relate to, among other things, the preliminary nature of the purchase price allocation and the potential for adjustments to that allocation; the Company’s ability to integrate and operate the acquired Bridgeport facility and business; the retention of acquired personnel, customers, and supplier relationships; the Company’s strategic transition to a vertically integrated autonomous defense manufacturer; and the Company’s ability to pursue U.S. government contracts and homeland security programs. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties, including that the purchase price allocation reflected in the pro forma financial information is preliminary and subject to change as additional information is obtained and analyses are finalized. Actual results may differ materially. Additional information concerning these and other factors may be found in the Company’s filings with the SEC, including its Annual Report on Form 10-K filed on March 31, 2026, its Quarterly Report on Form 10-Q filed on May 15, 2026, its Quarterly Report on Form 10-Q filed on August 14, 2026, and its subsequent filings with the SEC. The Company’s SEC filings are available publicly on the SEC’s website at www.sec.gov. Any forward-looking statement made by the Company in this press release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.
Investor Relations Contact
Arx Investor Relations
North American Equities Desk
qucy@arxhq.com