Quanome Technologies Inc filed a prospectus for an at-the-market (ATM) offering of common stock, with a maximum aggregate sales price of $9.75 million.

The filing, submitted to the Securities and Exchange Commission, outlines the terms for selling shares directly into the trading market. This method allows the company to issue equity gradually rather than through a single large block trade.

Offering structure and terms

The ATM program enables the company to sell shares at prevailing market prices. The total value of the offering is capped at $9.75 million. Specific details regarding the number of shares to be sold are determined by the market price at the time of sale.

Capital raising mechanism

This approach provides flexibility in timing and pricing, allowing the company to access capital markets opportunistically.

Quanome Technologies announced that its indirect wholly owned subsidiary, XDT Infrastructure I, has entered into a Master Services Agreement and initial Order with an enterprise customer for dedicated artificial intelligence capacity. The initial Order carries a total commitment value exceeding $100 million.

Under the agreement, XDT will provide the customer with dedicated computing capacity to run AI applications, a service known as AI inference. This allows the customer to access services remotely while XDT manages the underlying systems and day-to-day operations, eliminating the need for the customer to purchase and operate specialized infrastructure.

Deal Structure and Timeline

The initial Order has a 60-month term commencing on the service-ready date. Subject to applicable service-start conditions, XDT expects service to commence within approximately two months. This agreement marks the next stage in Quanome’s development of its AI computing business, progressing from planned deployment to the delivery of long-term managed services.

Separately, Quanome entered into a purchase agreement for 32 additional GPU server units at an aggregate price of approximately $18.8 million. These units are expected to be delivered to a designated U.S. data center, subject to commercial and operational conditions.

Market Context and Strategic Focus

Demand for AI computing capacity is rising as businesses integrate AI into operations. U.S. Census Bureau data indicated that between 17% and 20% of U.S. businesses used AI between December 2025 and May 2026, with 20% to 23% expecting adoption within six months. This shift from testing to practical use drives demand for managed infrastructure providers like XDT.

Yang Li, Chief Executive Officer of Quanome Technologies, stated that securing the first enterprise customer agreement is a meaningful step in bringing the AI computing strategy into operation. The company aims to build long-term, recurring revenue from managed AI technology services through its Quantum and AI Systems strategic stream.

What the Numbers Show

The capital expenditure of $18.8 million for 32 GPU server units represents approximately 18.8% of the total contract commitment value of over $100 million. This ratio suggests that the hardware investment required to service this specific initial order is significantly lower than the total revenue expected over the 60-month term, indicating a potential high-margin model for managed services if operational costs remain controlled relative to the subscription revenue.