Quantum-Si Sells Carbon-14 Business

TL;DR

QSI selling C14 biz to focus on chips, expects Q1 2025 close.

AI Summary

Quantum-Si Incorporated announced on December 4, 2024, that it has entered into a definitive agreement to sell its Carbon-14 dating business to a third party. The company expects this divestiture to significantly improve its financial position and allow it to focus on its core semiconductor inspection business. The transaction is anticipated to close in the first quarter of 2025.

Why It Matters

This divestiture allows Quantum-Si to streamline operations and concentrate resources on its primary semiconductor inspection technology, potentially leading to improved financial performance and market focus.

Risk Assessment

Risk Level: medium — The sale of a business segment introduces execution risk, and the financial impact will depend on the final terms and future performance of the core business.

Key Players & Entities

• Quantum-Si Incorporated (company) — Registrant
• Carbon-14 (business_segment) — Divested business
• December 4, 2024 (date) — Date of agreement
• First quarter of 2025 (date) — Expected closing period

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
• $1.00 — (the "Common Stock"), had fallen below $1.00 per share for 30 consecutive business d

Filing Documents

• ny20039409x2_8k.htm (8-K) — 29KB
• 0001140361-24-048732.txt ( ) — 202KB
• qsi-20241204.xsd (EX-101.SCH) — 4KB
• qsi-20241204_def.xml (EX-101.DEF) — 18KB
• qsi-20241204_lab.xml (EX-101.LAB) — 27KB
• qsi-20241204_pre.xml (EX-101.PRE) — 20KB
• ny20039409x2_8k_htm.xml (XML) — 6KB

01. Other events

Item 8.01. Other events. As previously disclosed, on November 4, 2024, the Company received written notice (the "Notice") from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, because the closing bid price for the Company's Class A common stock, par value $0.0001 per share (the "Common Stock"), had fallen below $1.00 per share for 30 consecutive business days, the Company no longer met the minimum bid price requirement for continued inclusion on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the "Bid Price Requirement"), and that the Company had 180 days to regain compliance with the Bid Price Requirement. On December 5, 2024, the Staff notified the Company that, as of December 4, 2024, the Company had regained compliance with the Bid Price Requirement and that the matter is now closed. The Company will continue to monitor the closing bid price of its Common Stock in the future. If the Company does not maintain compliance with Nasdaq Listing Rule 5450(a)(1) in the future, it is likely that Nasdaq will once again provide notice that the Company's Class A common stock will be subject to delisting.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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/ Jeffry Keyes Name: Jeffry Keyes Title: Chief Financial Officer Date: December 9, 2024

View Full Filing

View this 8-K filing on SEC EDGAR