August 14, 2025 – TheNewswire - Transcend Capital Inc. (“Transcend”), a company controlled by Etienne Moshevich, has disposed of 380,000 common shares of SuperQ Quantum Computing Inc. (the “Issuer”), representing approximately 1.43% of the Issuer’s current issued and outstanding common shares. Following completion of the disposition, Transcend, and Mr. Moshevich, have ownership and control of 2,643,000 common shares of the Issuer, representing approximately 9.97% of the Issuer’s current issued and outstanding common shares, and 498,500 share purchase warrants (the “Warrants”).  Assuming exercise of just the Warrants, Mr. Moshevich and Transcend would have ownership and control of 3,141,500 common shares of the Issuer representing approximately 11.86% of the then issued and outstanding common shares.  Transcend is restricted from exercising the Warrants to the extent it would result in Transcend having control and direction over 10% or more of the outstanding common share capital of the Issuer.

The shares were disposed of through the Canadian Securities Exchange at a price of $1.30 per share.  In the future, additional securities of the Issuer may be acquired or disposed of by Transcend, or Mr. Moshevich, as circumstances or market conditional may warrant.

For further information and to obtain a copy of the early warning report filed under applicable Canadian provincial securities legislation in connection with the disposition by Transcend, please go to the Issuer’s profile on SEDAR at www.sedarplus.ca, or contact Transcend at et@transcendcapitalinc.com.

The issuance of this news release is not an admission that an entity named in the news release owns or controls any described securities or is a joint actor with another named entity.