Quanome shares jump 70.36% after $18.8 million Compal GPU server order

  • Quanome agreed to buy 32 GPU servers from Compal Electronics for its AI infrastructure business.
  • $18.8 million is payable in 20% after order acceptance and 80% before shipment.
  • Xiaoou Li resigned, while Chao Liu joined Quanome’s five-member board as an independent director.

Quanome Technologies shares rose 70.36% to $1.09 in Tuesday trading after the company announced a purchase and sale agreement and related purchase order with Compal Electronics for 32 GPU server units. The deal is valued at approximately $18.8 million, with 20% due after acceptance of the purchase order and the remaining 80% payable before shipment. Delivery is expected at a designated U.S. data center, subject to Quanome’s payment obligations, Compal’s production and delivery capabilities, and other customary commercial and operational conditions. Quanome said it intends to use the servers to develop its artificial intelligence computing infrastructure business. The stock is approaching key resistance levels after closing Monday’s regular session at $0.64, up 14.56%, according to Benzinga Pro data. In a separate filing, director Xiaoou Li resigned effective immediately, and the board elected Chao Liu as an independent director, leaving five members with a majority independent under Nasdaq rules. Quanome previously reported a $21.95 million market capitalization, approximately 34.43 million shares outstanding, a 52-week range of $0.26 to $1.20 and an RSI of 60.32; the shares were down 50.03% over the preceding 12 months.

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