Summary by Moomoo AI
Quantum Computing Inc. (QCi) has filed to register 8.96 million shares of common stock for resale by selling stockholders. The shares include 8.46 million PIPE shares issued to investors and 500,000 shares issuable upon exercise of placement agent warrants.QCi develops quantum computing hardware and software, including its Entropy Quantum Computer and Qatalyst software platform. The company is building a TFLN chip manufacturing facility and expanding into areas like quantum sensing and cybersecurity. QCi had 41 full-time employees as of December 2024.The company will not receive proceeds from the share resale, except potentially $2.9 million if all placement agent warrants are exercised. QCi noted it has a history of losses and will require significant additional funding to continue operations and product development.
