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D-Wave Quantum Inc. · QBTS · 8-K/A · Filed

Enters Securities Issuance Agreement with Department of Commerce for $100M Award

QBTS
8-K/A
Financing

Source: SEC EDGAR, accession 0001907982-26-000144 · Items 1.01, 3.02, 8.01, 9.01

What did D-Wave Quantum Inc. announce?

D-Wave Quantum Inc. entered into a Securities Issuance Agreement with the U.S. Department of Commerce, issuing 7,095,721 shares at $14.093 per share.

Key details

  • Issued 7,095,721 shares of common stock to the Department of Commerce.
  • Issuance price was $14.093 per share.
  • The issuance is part of an award of up to $100,000,000 from the Department of Commerce.
  • The transaction is dilutive to existing stockholders and subject to certain risks and uncertainties.

Why it matters

This 8-K/A reports a financing at D-Wave Quantum Inc.. The likely share-price reaction reads as neutral.

Neutral

More from D-Wave Quantum Inc.

All D-Wave Quantum Inc. SEC filings →