$D-Wave Quantum (QBTS.US)$ **D-Wave Quantum Inc. has complet...
**D-Wave Quantum Inc. Completes $0.175 Billion Equity Offering**
**December 12, 2024 (Palo Alto, California)—**
**D-Wave Quantum Inc. (NYSE: QBTS, hereinafter referred to as 'D-Wave' or 'the company')** is a leader in quantum computing systems, software, and services, known as the world's first commercial supplier of quantum computers.
The $75 million ATM program, which started on December 9, 2024 (Monday), was completed at an average cost of $4.8149 per share. During the same period, the volume-weighted average price (VWAP) of D-Wave stocks was $4.6625 (according to Bloomberg data). The company is expected to hold at least $0.160 billion in cash at the end of the fourth quarter of 2024. This funding will be used for working capital, capital expenditures, and to support D-Wave's technology development and business operations.
**D-Wave's CEO Alan Baratz stated:**
"Quantum annealing is a critical catalyst for accelerating the commercial adoption of quantum technologies. Our Advantage™ quantum computer with 5000 qubits is the world's largest quantum computer, driving this adoption as companies, researchers, and governments recognize our near-term value. This funding significantly improves our financial position, enhances competitiveness for the future, and enables full execution of our product and market strategies."
### **About D-Wave Quantum Inc.**
D-Wave is a leading company in the development and provision of quantum computing systems, software, and services. It is also the world's first commercial supplier of quantum computers, building both annealing quantum computers and gate model quantum computers. The company contributes to business and society by offering practical quantum applications for various challenges such as logistics, artificial intelligence, materials science, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling.
D-Wave's technology is used by leading global organizations such as Mastercard, Deloitte, Siemens Healthineers, Lockheed Martin, NEC Corporation, and the University of Southern California.
### **Description of Future Outlook**
This press release contains forward-looking statements that involve risks and uncertainties. These statements may differ from actual results, and should not be overly relied upon for investment decisions.
**December 12, 2024 (Palo Alto, California)—**
**D-Wave Quantum Inc. (NYSE: QBTS, hereinafter referred to as 'D-Wave' or 'the company')** is a leader in quantum computing systems, software, and services, known as the world's first commercial supplier of quantum computers.
The $75 million ATM program, which started on December 9, 2024 (Monday), was completed at an average cost of $4.8149 per share. During the same period, the volume-weighted average price (VWAP) of D-Wave stocks was $4.6625 (according to Bloomberg data). The company is expected to hold at least $0.160 billion in cash at the end of the fourth quarter of 2024. This funding will be used for working capital, capital expenditures, and to support D-Wave's technology development and business operations.
**D-Wave's CEO Alan Baratz stated:**
"Quantum annealing is a critical catalyst for accelerating the commercial adoption of quantum technologies. Our Advantage™ quantum computer with 5000 qubits is the world's largest quantum computer, driving this adoption as companies, researchers, and governments recognize our near-term value. This funding significantly improves our financial position, enhances competitiveness for the future, and enables full execution of our product and market strategies."
### **About D-Wave Quantum Inc.**
D-Wave is a leading company in the development and provision of quantum computing systems, software, and services. It is also the world's first commercial supplier of quantum computers, building both annealing quantum computers and gate model quantum computers. The company contributes to business and society by offering practical quantum applications for various challenges such as logistics, artificial intelligence, materials science, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling.
D-Wave's technology is used by leading global organizations such as Mastercard, Deloitte, Siemens Healthineers, Lockheed Martin, NEC Corporation, and the University of Southern California.
### **Description of Future Outlook**
This press release contains forward-looking statements that involve risks and uncertainties. These statements may differ from actual results, and should not be overly relied upon for investment decisions.
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