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Form 8-K · Current Report · Filed 2025-10-20

D-Wave Quantum Inc. Announces Redemption of Public Warrants

On October 20, 2025, D-Wave Quantum Inc. announced the redemption of all its outstanding public warrants for $0.01 per warrant on November 19, 2025. As of October 17, 2025, approximately 5 million warrants were outstanding, which could result in the issuance of 7.2 million shares of common stock if all were exercised. This redemption is expected to streamline the company's capital structure and will likely be the last day for warrant trading on the NYSE on November 17, 2025. For more details, refer to the press release and notice of redemption filed as exhibits.

Filer
D-Wave Quantum Inc. QBTS · NYSE
Filed
Accession
0001907982-25-000234
CIK
0001907982
Signal
Medium impactTechnology

Items reported

Item 8.01

Other Events

Share Repurchase Program Announced Rights Offering
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$38.33

Next session

-16.0%

Since filing

-52.8%

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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