News

QNA Technology Floated on GPW Main Market

QNA Technology, a company developing quantum dot technology, has been newly listed on the Main Market of the Warsaw Stock Exchange. Its opening share price was PLN 36.70. QNA Technology is the third new listing on GPW in 2025 and the 408^th company listed on the GPW main market.

QNA Technology has transferred from NewConnect, where it had been listed since December 2023. This is the first transfer this year and the 101^st ever transfer of a company from the alternative market to the GPW Main Market.

QNA Technology is developing its proprietary technology for the synthesis of blue quantum dots: state-of-the-art semiconductors used in QLED displays. In addition to nanomaterials, the company is developing semiconductor inks for industrial printing. Its focus is on the elimination of heavy metals and the optimisation of the quantum properties of the materials with an emphasis on sustainability and high product quality.

“We are delighted that more and more technology companies are choosing to be listed on the GPW Main Market, reaching for capital to develop innovative solutions. QNA Technology combines advanced engineering expertise with global ambitions. We believe that with its presence on the regulated market, QNA Technology will gain greater visibility among investors and accelerate its expansion,” said Michał Kobza, Member of the Management Board of the Warsaw Stock Exchange.

In early 2025, the company completed two rounds of share issues, raising a total of PLN 13 million to develop its commercialisation activities. In the coming months, it plans further international expansion, particularly in Asian markets.

“Today is an extremely important day for our company. We are moving from NewConnect to the Main Market of the Warsaw Stock Exchange. This is a symbolic moment which follows a long and demanding period of preparations, including formal requirements as well as a change of mindset, to get floated on the broad waters of the regulated market. Our presence on NewConnect has played a key role in building our company’s reputation, especially on international markets, including those in Asia. We believe that our presence on the Main Market will encourage an even wider range of investors to join us in our mission: to jointly solve the most pressing technological challenges facing the world today,” said Artur Podhorodecki, CEO of QNA Technology.

The company was supported in its transition to the GPW Main Market by Dom Maklerski Navigator, the law firm Gessel, Koziorowski, and the audit firm 4Audyt.

“We have been supporting QNA Technology in investor relations since the very beginning of the company’s presence on the NewConnect market following its new listing in December 2023. Today is a very special day as QNA Technology is moving to the GPW Main Market. We are delighted that a company which has made a real success and is developing innovative technologies is now entering the next stage of its presence on the capital market. This is a very interesting proposition for investors looking for modern, forward-looking companies in the high-tech industry,” said Michał Wierzchowski, Financial Communications Manager at cc group.

Key information

* based on the average price of the Company’s shares in NC ATS in the last 3 months preceding the date of submission of the application for introduction, equal to PLN 28.66.

Issuer’s history and business

Series A, B and C shares of the Company have been listed in the alternative trading system on NewConnect since 14 December 2023.

QNA Technology is a technology company specialising in the synthesis of quantum dots, an innovative semiconductor used among others in QLED displays. The company has developed and is expanding and commercialising technology to produce mainly blue quantum dots. Quantum dots are nanometre-sized semiconductor crystals. Semiconductors at the nanoscale exhibit novel quantum properties that can be used to manufacture a range of electronic devices. The main application field of quantum dots, for which the Company is primarily optimising the technology under development, are displays.

QNA Technology’s business focus includes:

• development of technologies for the production of colloidal semiconducting nanomaterials (by way of synthesis, including the development of the necessary laboratory infrastructure and ultimately production infrastructure),
• development of procedures for the synthesis of colloidal semiconducting nanomaterials: quantum dots,
• surface modification of quantum dots in order to adapt them to the requirements (production processes) of specific application fields and customers, and
• formulation of semiconductor inks based on quantum dots (enabling the use of printing technology in customers’ production processes).

QNA Technology is developing not only quantum dots (QNA.dots, which are free of heavy metals and emit blue light in the spectral range that is safe for the human eye (PureBlue.dots)) but also inks based on quantum dots (QNA.inks).

The company is focusing on the development of blue light-emitting quantum dots and offers a range of materials (PureBlue.dots and DeepBlue.dots) to its business partners.

Issuer’s share capital

The Company’s share capital consists of 2,454,000 shares with a nominal value of PLN 0.10 each, including:

• ordinary bearer shares,
• ordinary bearer shares, 
• ordinary bearer shares, 
• ordinary bearer shares,
• ordinary bearer shares.

The Issuer did not conduct a public offering in connection with its new listing on the GPW Main Market.

Shareholders of the Issuer: shares subject to the application (series A to F shares subject to the application):

Selected financials of the Issuer (PLN’000):

Newly listed instruments:

• 1,404,000 series A ordinary bearer shares,
• 220,000 series B ordinary bearer shares, 
• 180,000 series C ordinary bearer shares, 
• 400,000 series E ordinary bearer shares,
• 250,000 series F ordinary bearer shares.