Quantum Computing (NASDAQ:QUBT) has entered into securities purchase agreements with institutional investors for the purchase and sale of 14.03M 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 $200M.
The closing of the offering is expected to occur on or about June 24, 2025.
The company intends to use the net proceeds from the offering to accelerate commercialization efforts, strategic acquisitions, working capital, and general corporate purposes.
