D-Wave Quantum reports ~$15.3 million in additional warrant-exercise proceeds

4 CAL·1

SUMMARY

On 2025-06-04 D-Wave Quantum disclosed (Form 8-K, Item 8.01) that from 2025-05-30 through 2025-06-03 it received approximately $15.3 million from the exercise of about 1.33 million warrants at an $11.50 exercise price, following a previously disclosed ~$80.5 million received on 2025-05-29 from roughly 7.0 million warrant exercises at the same price.

WHY IT MATTERS

Warrant-exercise cash inflows are a routine, non-dilution-narrative financing data point logged at §8 band-4; they incrementally strengthen D-Wave's balance sheet without a strategic capital-deployment thesis.

SECOND-ORDER

The pace of warrant exercises at $11.50 reflects share prices well above the strike, accelerating cash receipt and modest dilution ahead of the larger ATM facility.