D-Wave Quantum Shares Rise; $175 Million Equity Offering Completed

MT Newswires Live

2024/12/13

D-Wave Quantum (QBTS) shares rose 8.3% in recent Thursday trading after the company reported a combined $175 million in gross proceeds following the closing two at-the-market equity offerings.

The funds will be for working capital and capital expenditures to support technical development efforts and business operations, the company said Thursday in a statement.

The company said it expects to end the current fiscal quarter with at least $160 million in cash.

Price: 4.46, Change: +0.34, Percent Change: +8.25

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