Form 8-K/A · Current Report · Filed 2026-09-09
D-Wave Quantum Inc. Issues Shares to U.S. Department of Commerce Under New Agreement
D-Wave Quantum Inc. has entered into a Securities Issuance Agreement (SIA) with the United States Department of Commerce, resulting in the issuance of 7,095,721 shares of its common stock at $14.093 per share. This transaction, which was made in reliance on an exemption from registration under the Securities Act of 1933, is part of an Other Transaction Agreement (OTA) that could provide the company with up to $100,000,000 in funding. The issuance is dilutive to existing stockholders and may limit future strategic transactions due to the government's equity interest. The company has updated its risk factors to reflect the uncertainties associated with the timing and amount of funding, potential legal challenges, and other consequences of the transactions.
- Filer
- D-Wave Quantum Inc. QBTS · NYSE
- Filed
- Accession
- 0001907982-26-000144
- CIK
- 0001907982
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$17.67
Since filing
+0.0%
Latest close
$17.67
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:
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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