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
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- Secures up to $100M CHIPS Act Award, Issues 7.1M Shares to US Dept of Commerce8-K