FAQ on D-Wave Quantum Inc.'s $400 Million Equity Offering and Expansion Plans

What is the significance of D-Wave Quantum Inc.’s $400 million equity offering?

The $400 million equity offering significantly strengthens D-Wave’s financial position, enabling the company to pursue strategic acquisitions, capital expenditures, and meet working capital needs, marking a pivotal step in its expansion and operational scaling.

How does the average sale price in the latest offering compare to the previous one?

The average sale price in the latest offering was $15.18 per share, representing a 149% premium compared to the $6.10 average price per share of the previous $150 million ATM program completed in January.

What is D-Wave Quantum Inc.’s current cash balance?

As of July 1, D-Wave Quantum Inc. holds a cash balance of approximately $815 million.

What contributed to D-Wave’s Q1 2025 revenue surge?

D-Wave’s Q1 2025 revenue surged 509% year-over-year, boosted by a major system sale to Germany’s Julich Supercomputing Center.

What will the proceeds from the equity offering be used for?

The proceeds will primarily support strategic acquisitions, capital expenditures, and working capital needs as part of D-Wave’s expansion and operational scaling efforts.

Who is D-Wave Quantum Inc.?

D-Wave is a leader in quantum computing systems, software, and services, being the world’s first commercial supplier of quantum computers and the only company building both annealing and gate-model quantum computers.

Where can investors find the latest news and updates about D-Wave Quantum Inc.?

The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS.

What are the forward-looking statements mentioned in the press release?

The press release contains forward-looking statements about D-Wave’s future performance and plans, which are subject to risks and uncertainties that could cause actual results to differ materially from those projected.