Quantum-Si Sells Carbon Business for $100M

TL;DR

Quantum-Si selling Carbon biz to Trive Capital for $100M to focus on semiconductors.

AI Summary

Quantum-Si Incorporated announced on May 24, 2024, that it has entered into a definitive agreement to sell its Carbon business to an affiliate of Trive Capital for $100 million. This strategic divestiture is expected to allow Quantum-Si to focus on its core semiconductor business.

Why It Matters

This sale allows Quantum-Si to streamline its operations and concentrate on its high-growth semiconductor sector, potentially leading to increased focus and profitability.

Risk Assessment

Risk Level: medium — The sale of a business unit and the focus on a specific sector introduces execution risk and market dependency.

Key Numbers

• $100.0M — Carbon Business Sale Price (Amount Quantum-Si will receive from Trive Capital.)

Key Players & Entities

• Quantum-Si Incorporated (company) — Seller
• Trive Capital (company) — Buyer
• $100 million (dollar_amount) — Sale price of Carbon business
• May 24, 2024 (date) — Date of definitive agreement

FAQ

Key Financial Figures

• $0.0001 — stered Class A common stock, par value $0.0001 per share QSI The Nasdaq Stock Mark
• $11.50 — mon stock, each at an exercise price of $11.50 per share QSIAW The Nasdaq Stock Ma

Filing Documents

• ef20030008_8k.htm (8-K) — 30KB
• 0001140361-24-027450.txt ( ) — 203KB
• qsi-20240524.xsd (EX-101.SCH) — 4KB
• qsi-20240524_def.xml (EX-101.DEF) — 18KB
• qsi-20240524_lab.xml (EX-101.LAB) — 27KB
• qsi-20240524_pre.xml (EX-101.PRE) — 20KB
• ef20030008_8k_htm.xml (XML) — 6KB

01

Item 8.01 Other Events. On May 16, 2024, a punitive class action lawsuit was filed in the Delaware Court of Chancery, styled Farzad v. HighCape Capital, et al. (the "Delaware Stockholder Litigation"). The Delaware Stockholder Litigation asserts breach of fiduciary duty claims against the former officers and directors of HighCape Capital Acquisition Corp. ("HighCape"), including Kevin Rakin, Matt Zuga, David Colpman, Robert Taub and Antony Loebel, HighCape Capital Acquisition LLC and HighCape Capital L.P., aiding and abetting breach of fiduciary duty claims against Foresite Capital Management, LLC and Jonathan M. Rothberg, Ph.D., and unjust enrichment claims against all defendants related to the business combination between HighCape and then privately held Quantum-Si Incorporated (the "Business Combination"). The Delaware Stockholder Litigation complaint alleges that the transactions contemplated by the Business Combination were a product of an unfair process which was allegedly impacted by conflicts of interest, resulting in mispricing of the Business Combination. The complaint seeks, among other things, unspecified damages and attorneys' fees and costs. There is no assurance that defendants will be successful in the defense of the litigation or that insurance will be available or adequate to fund any potential settlement or judgment or the litigation costs of the action.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. QUANTUM-SI INCORPORATED By: /s/ Christian LaPointe, Ph.D. Name: Christian LaPointe, Ph.D. Title: General Counsel Date: May 24, 2024

View Full Filing

View this 8-K filing on SEC EDGAR