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Form 8-K · Current Report · Filed 2025-06-04

D-Wave Quantum Inc. Announces Warrant Exercises Resulting in Significant Cash Inflow

D-Wave Quantum Inc. reported that from May 30, 2025, through June 3, 2025, it received approximately $15.3 million from the exercise of approximately 1.33 million warrants to purchase its common stock at $11.50 per warrant. This follows a previous disclosure on May 29, 2025, where the company received about $80.5 million from the exercise of 7.0 million warrants at the same price. These warrant exercises were part of the terms assumed in the 2022 merger with DPCM Capital, Inc.

Filer
D-Wave Quantum Inc. QBTS · NYSE
Filed
Accession
0001907982-25-000122
CIK
0001907982
Signal
Medium impactTechnology

Items reported

Item 8.01

Other Events

Convertible Notes Offering Corporate Update

Market reaction

Close before filing

$17.68

Next session

-6.8%

Since filing

+2.3%

Latest close

$18.08

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from QBTS reporting the same item, with the next session's move:

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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