Quantum Computing Inc. prices USD 100 million private placement
Quantum Computing Inc. (Nasdaq: QUBT) announced on 2025-01-07 securities purchase agreements with institutional investors for 8,163,266 common shares at USD 12.25 per share, for gross proceeds of approximately USD 100 million before expenses, with closing expected on or about 2025-01-09. The company filed an 8-K (items 1.01, 3.02) on 2025-01-08 and a resale registration S-1 on 2025-01-22. Proceeds are designated for working capital and general corporate purposes. The raise priced at a steep premium to the December 2024 USD 40 million at-the-market round (USD 2.50/share), reflecting the early-January quantum-equity run-up.
A USD 100 million raise is large relative to QUBT's size and pre-revenue profile, materially extending its runway; the 5x jump in per-share price versus its December round quantifies how sharply the January 2025 quantum-stock rally repriced the name.
The placement converts retail-driven price appreciation into hard balance-sheet capital, a pattern other pure-plays (Rigetti, D-Wave) replicated through 2025; the resale S-1 sets up future supply overhang as holders register shares.