D-Wave Quantum (QBTS) Completes $400M ATM

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Go back to D-Wave Quantum (QBTS) Completes $400M ATM

D-Wave Announces Successful Completion of $400 Million At-the-Market Equity Offering

July 1, 2025 7:00 AM EDT

PALO ALTO, Calif.--(BUSINESS WIRE)-- D-Wave Quantum Inc. (NYSE: QBTS) (D-Wave or the Company), a leader in quantum computing systems, software, and services, and the worlds first commercial supplier of quantum computers, today announced that it has successfully completed sales of $400 million in gross proceeds of its common stock pursuant to its previously disclosed $400 million "at-the-market" equity offering program (the ATM Program). The $400 million ATM Program, that commenced on June 11th and ended on June 27th, was completed at an average price per share of $15.18. This average price represents a $9.08 or 149% premium to the... More