Quantum Computing's (QUBT) shares fell nearly 23% in recent Monday trading after the company said it closed a registered direct offering of 16 million common shares at $2.50 per share, raising $40 million in gross proceeds.
Net proceeds will be used for debt repayment, working capital, and general corporate purposes, including paying off a secured convertible promissory note issued to Streeterville Capital, the company said in a filing.
Price: 2.40, Change: -0.70, Percent Change: -22.61
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