Quantum Computing Inc. Announces Closing of Private Placement of Common Stock for Proceeds of $200 Million
Quantum Computing Inc. (Nasdaq: QUBT) has successfully closed a private placement offering, raising $200 million through the sale of 14,035,089 shares of common stock at $14.25 per share to institutional investors.
The company's total cash position now exceeds $350 million with no debt. QCi plans to use the proceeds to accelerate commercialization efforts, pursue strategic acquisitions, and fund working capital and general corporate purposes. Titan Partners Group, a division of American Capital Partners, served as the sole placement agent.
Quantum Computing Inc. (Nasdaq: QUBT) ha completato con successo un'offerta privata, raccogliendo 200 milioni di dollari attraverso la vendita di 14.035.089 azioni ordinarie a 14,25 dollari per azione a investitori istituzionali.
La posizione di cassa totale della societ脿 supera ora i 350 milioni di dollari senza debiti. QCi intende utilizzare i proventi per accelerare gli sforzi di commercializzazione, perseguire acquisizioni strategiche e finanziare il capitale circolante e le esigenze aziendali generali. Titan Partners Group, una divisione di American Capital Partners, ha agito come unico agente di collocamento.
Quantum Computing Inc. (Nasdaq: QUBT) ha cerrado con 茅xito una oferta privada, recaudando 200 millones de d贸lares mediante la venta de 14,035,089 acciones comunes a 14.25 d贸lares por acci贸n a inversores institucionales.
La posici贸n total de efectivo de la compa帽铆a ahora supera los 350 millones de d贸lares sin deuda. QCi planea usar los fondos para acelerar los esfuerzos de comercializaci贸n, buscar adquisiciones estrat茅gicas y financiar el capital de trabajo y prop贸sitos corporativos generales. Titan Partners Group, una divisi贸n de American Capital Partners, actu贸 como agente 煤nico de colocaci贸n.
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Quantum Computing Inc. (Nasdaq : QUBT) a cl么tur茅 avec succ猫s une offre priv茅e, levant 200 millions de dollars gr芒ce 脿 la vente de 14 035 089 actions ordinaires au prix de 14,25 dollars par action 脿 des investisseurs institutionnels.
La tr茅sorerie totale de la soci茅t茅 d茅passe d茅sormais 350 millions de dollars sans dette. QCi pr茅voit d'utiliser les fonds pour acc茅l茅rer les efforts de commercialisation, poursuivre des acquisitions strat茅giques et financer le fonds de roulement ainsi que les besoins g茅n茅raux de l'entreprise. Titan Partners Group, une division d'American Capital Partners, a agi en tant qu'agent unique de placement.
Quantum Computing Inc. (Nasdaq: QUBT) hat erfolgreich eine Privatplatzierung abgeschlossen und dabei 200 Millionen US-Dollar durch den Verkauf von 14.035.089 Stammaktien zu je 14,25 US-Dollar an institutionelle Investoren eingeworben.
Die Gesamtliquidit盲t des Unternehmens 眉bersteigt nun 350 Millionen US-Dollar ohne Verbindlichkeiten. QCi plant, die Erl枚se zur Beschleunigung der Kommerzialisierung, zur Verfolgung strategischer Akquisitionen sowie zur Finanzierung des Betriebskapitals und allgemeiner Unternehmenszwecke zu verwenden. Titan Partners Group, eine Division von American Capital Partners, fungierte als alleiniger Platzierungsagent.
- Substantial capital raise of $200 million from institutional investors
- Strong cash position of over $350 million with no debt
- Strategic flexibility for acquisitions and commercialization efforts
- Significant institutional investor interest demonstrates market confidence
- Potential dilution for existing shareholders due to issuance of 14,035,089 new shares
- Securities not registered under Securities Act of 1933, limiting immediate tradability
Insights
QCi secured $200M funding at premium pricing, strengthening its $350M cash position to accelerate quantum technology commercialization.
This
The transaction fundamentally transforms QCi's financial position, with cash reserves now exceeding
Beyond the financial metrics, this raise signals growing institutional acceptance of QCi's approach to quantum and photonic technologies. The company's focus on integrated photonics and quantum optics represents a differentiated technical strategy in the quantum computing landscape. While most quantum computing efforts focus on superconducting qubits or trapped ions, photonic approaches offer potential advantages in scalability and operating temperatures.
Management's stated focus on commercialization acceleration suggests they believe their technology is approaching market-readiness. The mention of their thin-film lithium niobate foundry services alongside quantum machines indicates a dual-path commercialization strategy - providing both quantum computing solutions and specialized manufacturing capabilities for photonic integrated circuits. This balanced approach could generate nearer-term revenue while the quantum computing applications mature.
- The offering was led by several preeminent global investment firms
- Company total cash position exceeds
$350 million
Dr. Yuping Huang, Interim CEO of QCi, commented, "We're encouraged by the strong interest and support from major 聽institutional investors who share our long-term vision for quantum and photonic technologies. This capital raise reflects growing confidence in QCi's strategy, market potential, and differentiated technology platform."
Chris Roberts, Chief Financial Officer of QCi, stated, "Following the successful close of this offering, we now have over
The Company intends to use the net proceeds from the offering to accelerate commercialization efforts, strategic acquisitions, working capital, and general corporate purposes.
Titan Partners Group, a division of American Capital Partners, acted as the sole placement agent for the offering.
The securities issued in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Quantum Computing Inc.
听(狈补蝉诲补辩: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines and foundry services for the production of photonic chips based on thin-film lithium niobate (TFLN). QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.
Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding and including statements regarding the expected closing of the offering, QCi's use of the net proceeds from the offering and the anticipated benefits that the Company may realize from the offering. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the timing of orders and revenue, and making strategic acquisitions, 聽and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
Company Contact:
Rosalyn Christian/John Nesbett
IMS Investor Relations
[email protected]
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SOURCE Quantum Computing Inc.
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