Scope technologies to acquire cloud codes for CAD $1.78M

* Scope Technologies (OTCQB:SCPCF [https://seekingalpha.com/symbol/SCPCF]) has entered into an asset purchase agreement with Plurilock Security, to acquire its subsidiary Cloud Codes in a cash and stock deal.
* Scope Technologies has agreed to pay Plurilock CAD $100,000 and issue a total of 4,200,000 common shares at a deemed price of $0.40 per share. The total consideration for Cloud Codes is CAD $1.78M.
* Scope Technologies plans to rebrand the Cloud Codes platform under the QSE name and integrate it seamlessly into the QSE product stack. Future releases are expected to include quantum-secure SSO services bundled with storage offerings, targeting regulated enterprises, banking, healthcare, and organizations requiring long-term data integrity.
* Source: Press Release [https://seekingalpha.com/pr/20206371-scope-technologies-to-acquire-cloud-codes-expanding-quantum-secure-authentication-and-storage]

MORE ON SCOPE TECHNOLOGIES CORP.

* Financial information for Scope Technologies Corp. [https://seekingalpha.com/symbol/SCPCF/income-statement]