Form 8-K · Current Report · Filed 2026-09-08
D-Wave Quantum Secures Up to $100 Million in Funding from U.S. Department of Commerce
D-Wave Quantum Inc. has entered into a definitive agreement with the U.S. Department of Commerce for up to $100 million in funding under the CHIPS and Science Act to support advanced microelectronics research and development. The funding will be used for the prototyping of advanced semiconductor technology for quantum technology and scalable high-performance quantum components. As part of the agreement, the Department of Commerce will receive a minority, non-controlling equity stake in D-Wave Quantum Inc. The initial tranche of $53,552,620 will be disbursed shortly following the award date, with additional tranches contingent on the achievement of specified milestones. The agreement also includes provisions for the issuance of 7,095,721 shares of D-Wave's common stock to the Department at a price of $14.093 per share.
- Filer
- D-Wave Quantum Inc. QBTS · NYSE
- Filed
- Accession
- 0001907982-26-000141
- CIK
- 0001907982
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
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Close before filing
$16.58
Since filing
+0.0%
Latest close
$16.58
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Previous filings from QBTS reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, QBTS insiders reported 2 Form 4 transactions — net selling of $590K.
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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