D-Wave Quantum Completes $400 Million Stock Offering at 149% Premium

D-Wave Quantum has successfully completed sales of $400 million in gross proceeds through its at-the-market equity offering program, marking a substantial financial achievement for the quantum computing industry. The program, which operated from June 11 to June 27, closed at an average share price of $15.18, representing a remarkable 149% premium over the $6.10 average share price achieved during the company's previous $150 million offering completed in January. This significant premium indicates growing investor confidence in the quantum computing sector and D-Wave's position as a market leader.

The company plans to utilize the proceeds primarily for strategic acquisitions and general corporate purposes, including additional working capital and capital expenditures. According to Dr. Alan Baratz, CEO of D-Wave, this financing strengthens what the company believes to be the strongest balance sheet of any public, independent quantum computing company. The funds will enable investments in acquisitions and programs that expand D-Wave's lead as the only commercial quantum computing company with applications in production. More information about the company's offerings can be found at https://www.dwavequantum.com.

This financing milestone is particularly important as it demonstrates the maturation of the quantum computing market and investor willingness to support companies that have moved beyond theoretical research to practical commercial applications. The substantial premium achieved in this offering compared to the previous program suggests that market sentiment toward quantum computing investments has improved significantly within a relatively short timeframe. Investors can access additional information through the company's newsroom at https://ibn.fm/QBTS.

The successful completion of this $400 million offering positions D-Wave to accelerate its growth strategy through targeted acquisitions that could enhance its technological capabilities or expand its market reach. As quantum computing continues to transition from experimental technology to practical business solutions, this level of funding provides D-Wave with the financial flexibility to capitalize on emerging opportunities in optimization, artificial intelligence, and research applications. The company's ability to raise capital at premium valuations reflects the growing recognition of quantum computing's potential to solve complex computational challenges across various industries.