D-Wave Quantum Inc.
D-Wave Quantum Inc. Enters Sales Agreement for Up to $100 Million in Shares
Summary
On May 24, 2024, D-Wave Quantum Inc. entered into a Sales Agreement with Needham & Company, LLC, B. Riley Securities, Inc., and Roth Capital Partners, LLC, allowing the Company to sell up to $100 million of its common stock through the Agents as sales agents or principals. The shares will be sold under the Company's effective Form S-3 registration statement. The Agreement is not obligated for any sales, and it will terminate under certain conditions. The Sales Agreement is attached as Exhibit 1.1.
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About D-Wave Quantum Inc.
D-Wave Quantum Inc. is a leading developer and provider of quantum computing systems, software, and services with a unique focus on addressing real-world complex computational challenges. As a pioneer in the commercial quantum computing space, the company is dedicated to advancing both hardware and software solutions to fuel new possibilities in data processing and optimization. D-Wave’s quantum systems are utilized across various industries, including manufacturing, logistics, pharmaceuticals, and financial services, fostering advancements in machine learning, modeling, and optimization problems. Notably, the company’s platform integrates with conventional computing systems, providing hybrid quantum solutions that enhance processing efficiency. D-Wave Quantum Inc.’s contributions are pivotal in steering the technological curve towards quantum advantage, allowing businesses and researchers to explore new horizons in computational capabilities. By offering quantum cloud services, the company lowers the barrier for organizations to access and benefit from cutting-edge quantum technology. Headquartered in Burnaby, Canada, D-Wave continues to be a significant player in the tech industry, aggressively pushing the boundaries of quantum computing and establishing itself as a key influencer in the evolution of computing paradigms.
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