Quantum computing firm IonQ (IONQ) filed a prospectus with the Securities and Exchange Commission to sell up to 2.56M shares.
Shares were fractionally higher in premarket trading on Wednesday.
Separately, on Wednesday, IonQ announced an agreement with the University of Cambridge to establish the IonQ Quantum Innovation Center. As part of the deal, the university will deploy IonQ’s 256-qubit system on its campus and provide access to IonQ’s quantum cloud and support research and development across quantum computing. There will also be a shared licensing agreement on innovation and intellectual property.
“This historic agreement with Cambridge deepens IonQ’s commitment to the United Kingdom and accelerates our technology platform with novel research at one of the world’s most storied physics powerhouses,” said Niccolo de Masi, Chairman and CEO of IonQ, in a statement. “By establishing the IonQ Quantum Innovation Center, we are strengthening the bridge between academic discovery and commercial quantum advantage. We believe this partnership will contribute meaningfully to the UK’s commitment to advancing scalable quantum computing, networking, sensing, and security.”
