D-Wave Quantum Inc.
D-Wave Quantum Inc. Announces Sales Agreement for Up to $400 Million
Summary
On June 10, 2025, D-Wave Quantum Inc. entered into a sales agreement with several financial agents to sell up to $400 million of its common stock through at-the-market offerings, subject to the terms of its existing registration statement on Form S-3. The proceeds from the sales will be used for general corporate purposes, including capital expenditures, potential acquisitions, and working capital. The company is not obligated to sell any shares, and the offering can be terminated under certain conditions. The sales agreement and legal opinion are attached as exhibits to this report.
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Exhibits (2)
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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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