PLTR
Palantir
-- 76.070 TSLA
Tesla
-- 436.230 NVDA
NVIDIA
-- 134.250 MSTR
MicroStrategy
-- 408.670 AVGO
Broadcom
-- 224.800 
$D-Wave Quantum (QBTS.US)$ PALO ALTO, Calif. – Dec. 12, 2024...
PALO ALTO, Calif. – Dec. 12, 2024 -- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world’s first commercial supplier of quantum computers, today announced that it has successfully completed sales of $175 million in gross proceeds of its common stock pursuant to its previously disclosed $100 million and $75 million "at-the-market" equity offering programs (the “ATM Programs”). The $75 million ATM Program, implemented on Monday, December 9th, was completed at an average price per share of $4.8149. Over that same three-day period, D-Wave stock traded at a Volume Weighted Average Price (“VWAP”) of $4.6625 (per Bloomberg). The Company expects to end the current fiscal 2024 fourth quarter with at least $160 million in cash. The funds were used, and will continue to be used, for working capital and capital expenditures in support of D-Wave’s ongoing technical development efforts and business operations.
“We believe that annealing quantum computing is serving as an important catalyst for the increasing commercial adoption of quantum,” said Dr. Alan Baratz, CEO of D-Wave. “Our 5,000 qubit AdvantageTM quantum computer, the largest quantum computer in the world, is helping to drive this adoption, as businesses, researchers and governments recognize the near-term value we can deliver. We believe this funding substantially improves the company’s financial strength, positioning D-Wave for the future and enabling us to fully execute against our product and go-to-market strategies and roadmaps.”
“We believe that annealing quantum computing is serving as an important catalyst for the increasing commercial adoption of quantum,” said Dr. Alan Baratz, CEO of D-Wave. “Our 5,000 qubit AdvantageTM quantum computer, the largest quantum computer in the world, is helping to drive this adoption, as businesses, researchers and governments recognize the near-term value we can deliver. We believe this funding substantially improves the company’s financial strength, positioning D-Wave for the future and enabling us to fully execute against our product and go-to-market strategies and roadmaps.”
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
In the midst of chaos, there is also opportunity - The Art of War
132Followers
43Following
422Visitors
Follow