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New listing of QNA TECHNOLOGY on NewConnect

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2023-12-14 17:27:51

QNA TECHNOLOGY S.A. was newly listed on NewConnect on 14 December 2023.

QNA TECHNOLOGY S.A.  is the 361st company listed on NewConnect and the 14th new listing on NewConnect in 2023. 

 

Key information

company name

QNA TECHNOLOGY S.A.

ticker/short name

QNATECHNO/QNA

seat

Wrocław

core business

QNA Technology is a technology company focusing on:

• development of technologies for the production of colloidal semiconducting nanomaterials (synthesised),

• development of procedures for the synthesis of heavy-metal-free colloidal semiconducting nanomaterials: quantum dots,

• surface modification of quantum dots, and

• formulation of semiconductor inks based on quantum dots.

new listings on NC in 2023

14

companies listed on NC

361

business sector

New technology

companies in the sector

7

offering/sale (T/N, private/public)

Public offering: 220,000 series B shares;

Public offering: 180,000 series C shares;

 

offering/sale value

Offering value of series B shares: PLN 8,580,000;

Offering value of series C shares: PLN 7,020,000;

Total offering value: PLN 15,600,000

issue/selling price

Price of series B shares: PLN 39;

Price of series C shares: PLN 39;

company valuation*

PLN 70,356,000

value of introduced instruments*

40.03%

% free float (below 5% in all shares)

PLN 28,158,000

free float value*

40.03%

% free float (below 5% in shares subject to the application)

PLN 28,158,000

free float value*

PLN 70,356,000

number of shareholders (shares subject to the application)

108 (106 unelated parties)

Authorised Advisor

Navigator Capital sp. z o. o.

* at the issue price of series C shares equal to PLN 39

 

Issuer’s history and business

2016-11-25 QNA Technology sp. z o.o. was founded by Artur Podhorodecki and Mateusz Bański. The company was registered with the National Court Register on 20 December 2016.

 

QNA Technology is a technology company focusing on:

  • development of technologies for the production of colloidal semiconducting nanomaterials (synthesised),
  • development of procedures for the synthesis of heavy-metal-free colloidal semiconducting nanomaterials: quantum dots,
  • surface modification of quantum dots, and
  • formulation of semiconductor inks based on quantum dots.

QNA has modern laboratory infrastructure (with an area of approximately 200 m2) located in the Wrocław Technology Park and high-end in-house laboratory equipment for synthesis, characterisation of obtained materials and quality testing of produced quantum dots.

In order to validate its materials as early as possible, the company establishes business contacts and relationships at the stage of technology development with entities which are, or may be in the future, interested in the application and commercialisation of the technologies developed by QNA.

A quantum dot is a semiconductor nanocrystal several nanometres in size (1 nm = 10-9 m). It is composed an inorganic semiconductor core which generates and absorbs light, an inorganic semiconductor shell which protects the core from external influence, and an external organic coating which is a kind of interface between the quantum dot material and the target application – the material in which it will be placed. The right choice of this layer determines the applicability of colloidal semiconductor nanostructures in particular commercial applications.

In particular, it is responsible for the type of solvent/medium in which the quantum dots can be placed.

 

The Issuer’s products and technologies under development

The Company plans to offer products including quantum dots (QNA.dots) and quantum dot-based inks (QNA.inks). As its core product, the Company plans to offer quantum dots which do not contain heavy metals and emit blue light in the spectral range safe for the human eye (PureBlue.dots) as well as inks based on quantum dots.

The Issuer's share capital according to the entry in the Register of Entrepreneurs of the National Court Register amounts to PLN 1,804,000 and is divided into 1,804,000 shares including:

  • 1,404,000 series A ordinary bearer shares
  • 220,000 series B ordinary bearer shares
  • 180,000 series C ordinary bearer shares

with a nominal value of PLN 0.10 each.

 

Selected financial data of the Issuer (PLN):

 

Jan-Sep 2023

unaudited

31.12.2022

31.12.2021

Net sales revenue

938,497.83

398,810.87

702,358.04

Net profit

-1,989,186.41

-4,599,377.16

-3,485,928.00

Equity

15,572,755.91

2,468,447.65

7,067,824.81

Liabilities and provisions

1,398,040.59

818,896.13

426,498.16

Total assets

16,970,796.50

3,287,343.78

7,494,322.97

Total net cash flows

11,529,973.42

n/a

n/a

Cash (closing balance)

13,305,148.39

n/a

n/a

 

Shareholders

Shareholder

Number of shares

Stake in share capital (%)

Number of votes

Stake in votes

Artur Podhorodecki

286,000

15.85%

286,000

15.85%

Mateusz Bański

286,000

15.85%

286,000

15.85%

Kvarko ASI sp. z o.o.

200,000

11.09%

200,000

11.09%

Grzegorz Sikorski

107,000

5.93%

107,000

5.93%

Mikołaj Sikorski

106,500

5.90%

106,500

5.90%

Szejk ASI sp. z o.o.  

96,500

5.35%

96,500

5.35%

Other

722,000

40.03%

722,000

40.03%

Total

1,804,000

100%

1,804,000

100%

 

Financial instruments newly listed on NewConnect:

  • 1,404,000 series A ordinary bearer shares
  • 220,000 series B ordinary bearer shares
  • 180,000 series C ordinary bearer shares

 

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