Business
Quantum Computing Inc. Announces Private Placement of Common Stock for Proceeds of $200 Million
The offering is being led by several preeminent global investment firmsCompany total cash position expected to exceed $350 million following closingHOBOKEN,
About this update from Quantum Computing Inc.
[{"type":"text","content":"The offering is being led by several preeminent global investment firmsCompany total cash position expected to exceed $350 million following closingHOBOKEN, N.J., June 23, 2025 /PRNewswire/ -- Quantum Computing Inc. (\"QCi\" or the \"Company\") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 14,035,089 shares of common stock in a private placement at a purchase price of $14.25 per share. The offering is expected to result in gross proceeds of $200 million, before deducting offering expenses. The closing of the offering is expected to occur on or about June 24, 2025, subject to the satisfaction of customary closing conditions.\n\n \n \n \n \n \n \n\n \nThe Company intends to use the net proceeds from the offering to accelerate commercialization efforts, strategic acquisitions, working capital, and general corporate purposes.\nTitan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering.\nThe securities issued in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Company has agreed to file a resale registration statement with the SEC for purposes of registering the resale of the shares of common stock issued in connection with the private placement.\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout Quantum Computing Inc.\nQuantum Computing Inc. (\"QCi\" or the \"Company\") (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technology and products offer distinctive capabilities in the areas o...