Company Discloses Written Email Offer to Suspend Future Short-Seller Reports if Case is Dropped; War...








    




            

                Company Discloses Written Email Offer to Suspend Future Short-Seller Reports if Case is Dropped; Warns That False Short-Seller Narratives Impact American Job Creation and Hurt the Working Families Behind Quantum Cyber’s Bridgeport, Connecticut Manufacturing Plant; Notes Parallels to Federal Short-Seller Enforcement Actions, Including July 2024 SEC and DOJ Charges Against Andrew Left of Citron Research






    
        
            August 20, 2026 16:01 ET
        

        
             | Source:
            

                Quantum Cyber
            
                

        
    

    

    

    





        
Norwalk, CT, Aug.  20, 2026  (GLOBE NEWSWIRE) -- Quantum Cyber N.V. (Nasdaq: QUCY) (“Quantum Cyber” or the “Company”), a Nasdaq-listed autonomous defense technology company assembling an AI-powered System-of-Systems platform for drone warfare, counter-UAS, and border security applications, disclosed today that it has received what the Company views as a blackmail-style threat, delivered by an unsolicited email dated August 14, 2026, from Adam Gefvert, a named defendant in the lawsuit the Company filed on August 10, 2026 in the Supreme Court of the State of New York against White Diamond Research LLC, Mr. Gefvert, and Stocktwits, Inc.  In the email, sent through an email address affiliated with the Company, Mr. Gefvert proposed that if the Company were to drop its defamation lawsuit, he would agree not to publish any further report on Quantum Cyber or on any company associated with the Company’s Chief Executive Officer, David Lazar. In Mr. Gefvert’s own words: “if the lawsuit is dropped, i won’t publish anything on QUCY or any company of David Lazar’s again.” Mr. Gefvert continued, promising that if his offer was rejected and the Company “go[es] forward with the lawsuit, i will publish a 2nd report on QUCY,” which he indicated would be directed at Mr. Lazar personally and at other individuals affiliated with the Company.  The Company is disclosing the substance of Mr. Gefvert’s email so that shareholders and the broader market can evaluate for themselves the nature of the conduct at issue. In the Company’s view, an offer by a self-identified short-seller to withhold future negative publications on the Company and on other companies associated with its Chief Executive Officer, in exchange for the withdrawal of a pending defamation and market-manipulation lawsuit, is not the conduct of an independent research analyst — it is, in the Company’s view, coercive in nature and blackmail-style in effect. The Company believes it confirms, on its face, that short-seller reporting is being used as leverage rather than as objective analysis.  The Company intends to proceed with the pending litigation. Quantum Cyber will not withdraw its complaint, will not modify its claims in exchange for a promise of editorial silence, and intends to prosecute the case to its conclusion. The Company further intends to place Mr. Gefvert’s August 14, 2026 email into the record of the proceeding, as it believes the correspondence is directly relevant to the claims and to the state of mind of the defendants.  The Company believes it is important for the market to understand what is actually at stake in these short-seller campaigns. In June 2026, Quantum Cyber signed definitive agreements to acquire a U.S.-based manufacturing facility in Bridgeport, Connecticut, and completed that acquisition the following month. In the weeks that followed, the Company assumed direct manufacturing of autonomous drone systems at the site and completed its first mini-interceptor drone at the newly-acquired U.S. facility. That transaction preserved American manufacturing capacity, protected existing jobs at the plant, and created new positions tied to the Company’s expanding autonomous defense production. The Company has publicly targeted an annual production capacity of up to 100,000 drones combining kamikaze and interceptor platforms, all engineered and assembled on U.S. soil, in alignment with the Trump Administration’s on-shore U.S. manufacturing framework for autonomous systems.  When short-sellers construct and disseminate what the Company believes to be false and misleading narratives about issuers that are actually investing in U.S. manufacturing, the collateral damage is not confined to the share price. It reaches the workers on those factory floors, the families that depend on those paychecks, and the domestic industrial base that the United States is trying to rebuild in the defense-technology sector. In the Company’s view, that is why coordinated short-seller conduct of this nature is not a victimless activity, and it is why Quantum Cyber intends to see this case through.  Federal Enforcement ContextThe Company notes that short-seller reporting campaigns of this nature have, in recent years, drawn increasing scrutiny from U.S. federal authorities. In July 2024, the U.S. Department of Justice and the U.S. Securities and Exchange Commission publicly announced charges against Andrew Left, the founder of Citron Research, alleging a multi-year scheme in which, according to the government’s charging documents, Mr. Left used his published short-seller reports and related public statements to move share prices in a direction opposite to the trading positions he actually held. Those charges are a matter of public record and remain pending; Mr. Left has publicly denied wrongdoing.  The Company is not asserting in this release that Mr. Gefvert or White Diamond Research have engaged in the specific conduct alleged against Mr. Left. Those allegations are the subject of the Company’s separate civil complaint, which speaks for itself and remains a matter of public record. The Company references the Citron Research enforcement matter solely to underscore that the model of publishing adverse reports on U.S.-listed issuers while holding, or standing to benefit from, undisclosed or under-disclosed short positions is no longer a fringe concern — it is a recognized enforcement priority for U.S. federal authorities.  About Quantum Cyber N.V.Quantum Cyber N.V. (Nasdaq: QUCY) is assembling an AI-powered, quantum-accelerated System-of-Systems autonomous defense platform that integrates drone warfare, counter-UAS, autonomous naval mine countermeasures, EMP shielding, anti-drone ammunition, command-and-control, and quantum antenna applications under a single Nasdaq-listed company. The Company acquires, licenses, and develops combat-proven autonomous technologies, deploying them as a coordinated, multi-domain portfolio across air, land, and sea. For more information, visit www.quantum-cyber.ai.  Forward-Looking StatementsCertain statements made in this press release (including but not limited to the statement that the Company “intends to proceed with the pending litigation”) are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,” “intend,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements relate to, among other things, the Company’s expectations regarding the outcome, timing, and conduct of the litigation described herein; the recovery of damages, exemplary damages, interest, or costs; and any related legal or regulatory developments. Litigation is inherently uncertain, and no assurance can be given as to the timing, cost, or outcome of the proceedings referenced in this release. The Company’s characterization of the email received from Mr. Gefvert reflects the Company’s own views and interpretation of that communication; Mr. Gefvert may hold and express contrary views. These forward-looking statements reflect the Company’s current analysis of existing information and are subject to various risks and uncertainties. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. Additional information concerning these and other factors may be found in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q, which are available publicly at www.sec.gov. Any forward-looking statement made in this press release speaks only as of the date on which it is made, and the Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.  Investor Relations ContactArx Investor RelationsNorth American Equities Deskqucy@arxhq.com  
            

QUCY

Quantum Cyber Rejects Threat of Future Publications from Short-Seller Adam Gefvert Demanding Withdrawal of $5.69 Million Lawsuit

Quantum Cyber fights short-seller tactics; defamation suit underscores onshore manufacturing plan

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Company Discloses Written Email Offer to Suspend Future Short-Seller Reports if Case is Dropped; War...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Quantum Cyber disclosed a coercive email from a short-seller amid a defamation lawsuit and vows to continue the case. The company has completed Bridgeport, CT manufacturing capacity and is scaling in-house drone production, aiming for up to 100,000 US-made drones annually. The release highlights regulatory scrutiny of short-seller campaigns and potential near-term stock volatility tied to legal and manufacturing milestones.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>QUCY reports a coercive short-seller email linked to a defamation suit.</li><li>Plaintiff says it will proceed; no settlement to hush negative coverage.</li><li>Bridgeport, CT facility acquisition completed; in-house drone production advancing.</li><li>Company targets up to 100,000 drones annually on US soil.</li><li>Episode references July 2024 Citron/Left enforcement actions to contextualize risk.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Quantum Cyber N.V. (QUCY)</strong>: Subject of the lawsuit; onshore manufacturing expansion supports its defense-tech platform.</li><li><strong>White Diamond Research LLC (N/A)</strong>: Defendant in NY civil suit; alleged to threaten editorial silence in exchange for dropping case.</li><li><strong>Stocktwits, Inc. (N/A)</strong>: Email channel used in alleged coercive communication; market dissemination platform.</li><li><strong>Citron Research (N/A)</strong>: Andrew Left enforcement context referenced; highlights regulatory scrutiny of short-sellers.</li><li><strong>Andrew Left (N/A)</strong>: Public enforcement actions cited; relevant backdrop for short-seller risk in US markets.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal; rationale: focuses on defamation/short-seller litigation, with broader implications for corporate governance and market perception of Quantum Cyber’s onshore manufacturing strategy.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Legal action and alleged coercion may heighten near-term stock volatility.</li><li>Bridgeport manufacturing expansion and 100,000-drone capacity reinforce domestic production narrative.</li><li>Context of July 2024 Citron/Left enforcement actions adds regulatory risk awareness.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>QUCY filed a defamation lawsuit in New York Supreme Court on August 10, 2026 against White Diamond Research LLC, Gefvert, and Stocktwits.</li><li>An August 14, 2026 email proposed dropping the case in exchange for editorial silence on QUCY and related entities.</li><li>Bridgeport, Connecticut manufacturing facility acquisition was signed in June 2026 and closed by July 2026.</li><li>Company completed its first mini-interceptor drone at the newly acquired U.S. facility post-acquisition.</li><li>QUCY publicly targets up to 100,000 drones per year, all manufactured in the U.S.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term volatility likely; if litigation proceeds with favorable clarity and manufacturing milestones hit, QUCY could drift higher over 6–12 months.</p>
  </section>
</section>


<article>
  <header>
    <h2>Quantum Cyber Rejects Threat of Future Publications from Short-Seller Adam Gefvert Demanding Withdrawal of $5.69 Million Lawsuit</h2>
  </header>

  <section aria-label="Overview">
    <p>Quantum Cyber N.V. (Nasdaq: <strong>QUCY</strong>) disclosed today that it received what it characterizes as a coercive, blackmail-style threat from Adam Gefvert, a named defendant in the company's defamation lawsuit filed on August 10, 2026 in the Supreme Court of the State of New York. The message offered to suspend future short-seller reports if the case were dropped. Quantum Cyber reiterates its intention to proceed with the litigation and to place the email into the court record for market transparency.</p>
    <p>The company’s announcement comes as Quantum Cyber continues to advance its U.S. manufacturing strategy in Bridgeport, Connecticut, while expanding its autonomous defense production footprint. The developments intertwine with broader questions about short-seller practices and regulatory scrutiny in the United States, including recent enforcement actions against prominent market participants.</p>
  </section>

  <section aria-label="Coercive Offer and Legal Response">
    <h3>Coercive Offer by a Short-Seller and Legal Stand</h3>
    <p>In the company’s view, the unsolicited email from Mr. Gefvert proposed that if Quantum Cyber dropped its defamation lawsuit, he would agree not to publish any further report on Quantum Cyber or on any company associated with the Company’s Chief Executive Officer, David Lazar. In Mr. Gefvert’s own words: “<em>if the lawsuit is dropped, i won’t publish anything on QUCY or any company of David Lazar’s again.</em>” Mr. Gefvert continued, promising that if his offer was rejected and the Company “<em>go[es] forward with the lawsuit, i will publish a 2nd report on QUCY,</em>” which he indicated would be directed at Mr. Lazar personally and at other individuals affiliated with the Company. </p>
    <p>The Company states it disclosed the substance of Mr. Gefvert’s email so that shareholders and the broader market can evaluate the nature of the conduct at issue. It asserts that an offer by a self-identified short-seller to withhold future negative publications in exchange for a withdrawal of a pending defamation and market-manipulation lawsuit is not the conduct of an independent research analyst — it is, in the Company’s view, coercive in nature and blackmail-style in effect.</p>
    <p>Quantum Cyber intends to proceed with the pending litigation. The Company will not withdraw its complaint, will not modify its claims in exchange for editorial silence, and intends to prosecute the case to its conclusion. It also intends to place Mr. Gefvert’s August 14, 2026 email into the record of the proceeding, as it believes the correspondence is directly relevant to the claims and to the state of mind of the defendants.</p>
  </section>

  <section aria-label="Bridgeport Manufacturing Expansion">
    <h3>Bridgeport Manufacturing Expansion and U.S. Production Plan</h3>
    <p>In June 2026, Quantum Cyber signed definitive agreements to acquire a U.S.-based manufacturing facility in Bridgeport, Connecticut, and completed that acquisition the following month. In the weeks that followed, the Company assumed direct manufacturing of autonomous drone systems at the site and completed its first mini-interceptor drone at the newly-acquired U.S. facility. The transaction preserved American manufacturing capacity, protected existing jobs at the plant, and created new positions tied to the Company’s expanding autonomous defense production.</p>
    <p>The Company has publicly targeted an annual production capacity of up to <strong>100,000 drones</strong> combining kamikaze and interceptor platforms, all engineered and assembled on U.S. soil, in alignment with the Administration’s on-shore U.S. manufacturing framework for autonomous systems.</p>
    <ul>
      <li><strong>Facility</strong>: Bridgeport, Connecticut</li>
      <li><strong>Acquisition timing</strong>: Definitive agreements signed in June 2026; acquisition completed in July 2026</li>
      <li><strong>First milestone</strong>: Completion of first mini-interceptor drone at the Bridgeport site</li>
      <li><strong>Production target</strong>: Up to <strong>100,000 drones annually</strong> on U.S. soil</li>
    </ul>
  </section>

  <section aria-label="Impact on Workers and Domestic Manufacturing">
    <h3>Impact on Workers and the Domestic Manufacturing Base</h3>
    <p>Quantum Cyber emphasizes that adverse short-seller narratives can affect not only share prices but also workers and families connected to manufacturing jobs. The company notes that the collateral damage from misleading campaigns extends to the factory floor, the households supported by paychecks, and the broader U.S. defense-technology industrial base the country seeks to rebuild.</p>
    <p>“When short-sellers construct and disseminate what the Company believes to be false and misleading narratives about issuers that are actually investing in U.S. manufacturing, the collateral damage is not confined to the share price. It reaches the workers on those factory floors, the families that depend on those paychecks, and the domestic industrial base that the United States is trying to rebuild in the defense-technology sector. In the Company’s view, that is why coordinated short-seller conduct of this nature is not a victimless activity, and it is why Quantum Cyber intends to see this case through.”</p>
  </section>

  <section aria-label="Federal Enforcement Context">
    <h3>Federal Enforcement Context and Background</h3>
    <p>Quantum Cyber notes that short-seller reporting campaigns have drawn increasing scrutiny from U.S. authorities. In July 2024, the U.S. Department of Justice and the U.S. Securities and Exchange Commission publicly announced charges against Andrew Left, founder of Citron Research, alleging a multi-year scheme in which public short-seller reports were used to move share prices contrary to the trader’s actual positions. Those charges are a matter of public record and remain pending; Left has publicly denied wrongdoing.</p>
    <p>The Company clarifies that it is not asserting in this release that Mr. Gefvert or White Diamond Research engaged in the specific conduct alleged against Mr. Left. The allegations are the subject of the Company’s separate civil complaint. The reference to Citron Research enforcement matters serves to underscore that the practice of publishing adverse reports while holding undisclosed or under-disclosed short positions is an enforcement priority for federal authorities.</p>
  </section>

  <section aria-label="About Quantum Cyber">
    <h3>About Quantum Cyber N.V.</h3>
    <p>Quantum Cyber N.V. (Nasdaq: <strong>QUCY</strong>) is assembling an AI-powered, quantum-accelerated System-of-Systems autonomous defense platform that integrates drone warfare, counter-UAS, autonomous naval mine countermeasures, EMP shielding, anti-drone ammunition, command-and-control, and quantum antenna applications under a single Nasdaq-listed company. The Company acquires, licenses, and develops combat-proven autonomous technologies, deploying them as a coordinated, multi-domain portfolio across air, land, and sea. For more information, visit <a href="http://www.quantum-cyber.ai">www.quantum-cyber.ai</a>.</p>
  </section>

  <section aria-label="Forward-Looking Statements">
    <h3>Forward-Looking Statements and Legal Note</h3>
    <p>Certain statements made in this press release, including but not limited to the statement that the Company “intends to proceed with the pending litigation,” are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by terms such as “anticipate,” “believe,” “expect,” “estimate,” “intend,” “plan,” “outlook,” and “project” and other expressions that predict or indicate future events or trends. These statements relate to expectations about the outcome, timing, and conduct of the litigation described herein, the recovery of damages, and related regulatory developments. Litigation is inherently uncertain, and no assurance can be given as to timing, cost, or outcome. The Company’s characterization of the Gefvert email reflects the Company’s views and interpretation; Mr. Gefvert may hold and express contrary views.</p>
  </section>

  <section aria-label="Key Facts & Figures">
    <h3>Key Facts and Figures</h3>
    <ul>
      <li><strong>Stock symbol</strong>: QUCY (Quantum Cyber N.V.)</li>
      <li><strong>Subject of dispute</strong>: Defamation and market-manipulation lawsuit filed August 10, 2026</li>
      <li><strong>Defendants in suit</strong>: White Diamond Research LLC, Adam Gefvert, and Stocktwits, Inc.</li>
      <li><strong>Email date</strong>: August 14, 2026</li>
      <li><strong>Offer in email</strong>: Suspend future short-seller reports if case is dropped; “i won’t publish anything on QUCY or any company of David Lazar’s again.”</li>
      <li><strong>Second email prospect</strong>: “go[es] forward with the lawsuit, i will publish a 2nd report on QUCY,” directed at Lazar and other affiliates</li>
      <li><strong>Recent acquisition</strong>: Bridgeport, Connecticut manufacturing facility; definitive agreements signed in June 2026; acquisition completed July 2026</li>
      <li><strong>Production target</strong>: Up to <strong>100,000 drones</strong> per year, all engineered and assembled on U.S. soil</li>
      <li><strong>Federal context</strong>: Reference to July 2024 charges against Andrew Left of Citron Research</li>
    </ul>
  </section>

</article>

Quantum Cyber disclosed a coercive email from a short-seller amid a defamation lawsuit and vows to continue the case. The company has completed Bridgeport, CT manufacturing capacity and is scaling in-house drone production, aiming for up to 100,000 US-made drones annually. The release highlights regulatory scrutiny of short-seller campaigns and potential near-term stock volatility tied to legal and manufacturing milestones.

News insight

Quantum Cyber Rejects Threat of Future Publications from Short-Seller Adam Gefvert Demanding Withdrawal of $5.69 Million Lawsuit

AI summary

Sentiment rationale

Key facts

Legal