IonQ (NYSE: IONQ) has priced a $2.0 billion equity offering consisting of common stock and warrants, with securities to be purchased by an entity managed by Heights Capital Management, Inc., according to a press release.

The offering includes 20,500,000 shares of common stock at $40.00 per share and pre-funded warrants to purchase 29,500,000 shares at $40.00 per warrant. Both prices represent a premium of approximately 15% to IonQ's closing stock price on October 13, 2026.

The offering also includes seven-year warrants to purchase 100,000,000 additional shares at an exercise price of $69.46 per share, representing a 100% premium to IonQ's October 13, 2026 closing price.

J.P. Morgan acted as the sole underwriter in the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to IonQ, while Simpson Thacher & Bartlett LLP represented J.P. Morgan, and Skadden, Arps, Slate, Meagher & Flom LLP acted for the investor.

Niccolo de Masi, Chairman and CEO of IonQ, said the investment "will accelerate the commercialization of our full-stack quantum platform," adding that it gives the company "additional strategic flexibility."

A shelf registration statement relating to the securities has been filed with the Securities and Exchange Commission and is effective.