Overview

• The company agreed to sell 26,867,276 common shares in an at-the-market private placement priced under Nasdaq rules, targeting $500 million in gross proceeds.
• Participants include several large existing shareholders and a first-time investment from a preeminent global alternative asset manager, with Titan Partners Group serving as sole placement agent.
• QCi said proceeds will accelerate commercialization, fund strategic acquisitions, expand sales and engineering teams, and support working capital and manufacturing.
• The shares are unregistered at issuance, and the company plans to file a resale registration statement with the SEC to enable secondary-market liquidity.
• QUBT stock fell about 12% pre-market and roughly 16% intraday as investors weighed dilution from the new shares, with trading volume running well above average.