QCLS 8-K
Q/C Technologies, Inc. (QCLS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Item 1.02 Termination of a Material Definitive Agreement.
On June 26, 2026, Q/C Technologies, Inc. (the “Company”) provided notice of its intention to terminate that certain Technology License and Development Agreement, dated as of September 2, 2025 (the “License Agreement”), by and among LightSolver Ltd. (“LightSolver”), LPU Holdings LLC (“LPU”), a wholly owned subsidiary of the Company, and, solely with respect to Sections 7.3, 7.7 and 12.12 of the License Agreement, the Company, effective as of June 26, 2026 (the “Termination Date”). Pursuant to the License Agreement, LightSolver granted LPU, amongst other things, an exclusive license to use and commercialize its proprietary laser processing hardware units (LPUs) specifically configured for cryptocurrency mining applications (the “Machines”) and its proprietary intangible technology necessary or useful to utilize the Machines solely for cryptocurrency mining applications. On the Termination Date, the License Agreement terminated in accordance with its terms (the “Termination”).
In accordance with the License Agreement, LPU is automatically and immediately relieved from its obligation to make any additional milestone payments to LightSolver, and LightSolver has no right to receive any further contingent consideration thereunder.
Item 8.01 Other Events.
On March 18, 2026, the Company announced the launch of its optical processing unit (OPU) initiative (the “Initiative”) to develop a proprietary silicon photonic computing architecture for artificial intelligence (AI) inference. The Initiative is focused on developing next-generation optical computing technologies designed to address the performance, bandwidth, and energy limitations of traditional electronic computing architectures. In connection with the Termination, the Company has determined to fully focus its efforts on the Initiative.
Optical computing has the potential to address several of the challenges associated with conventional GPU-based computing. Artificial intelligence workloads are dominated by matrix multiplication operations, where photonic architectures may enable highly parallel computation through the physical properties of light. In addition to significantly reducing energy consumption, optical computing offers the potential for substantially higher bandwidth and faster signal propagation than traditional electronic systems. The Company is focused on addressing several longstanding challenges associated with optical computing, including analog precision, nonlinear computation, and memory integration, through internally developed intellectual property and strategic collaborations.
On March 18, 2026, the Company also announced that it has assembled an accomplished team of experts in artificial intelligence, photonics, and advanced computing to support the Initiative, including Director Chelsea Voss and Strategic Advisors Martin Shkreli and James Altucher. The Company believes this combination of technical and strategic expertise positions the Company to pursue a differentiated approach to optical AI computing. The Company further stated that it intends to develop proprietary optical chip architectures designed to address key bottlenecks in bandwidth, energy efficiency, and scalability for AI inference applications, while building a portfolio of foundational intellectual property through patent filings.
On June 30, 2026, the Company announced the relocation of its headquarters to San Francisco, California, where it is establishing a 4,800-square-foot integrated photonics laboratory to accelerate research and development of its proprietary optical processing unit. The relocation also positions the Company in close proximity to leading engineering talent and technology companies specializing in photonics, artificial intelligence, and advanced computing. In connection with the Initiative, the Company also announced the hiring of specialized engineers with experience at companies including IPG Photonics, Neurophos, and IonQ.
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.
| Q/C TECHNOLOGIES, INC. | ||
| Date: July 2, 2026 | By: | /s/ Joshua Silverman |
| Name: | Joshua Silverman | |
| Title: | Executive Chairman | |