Stock Track | Quantum Computing Inc. Plunges 11.3% in Pre-market on $50M Share Offering Plans

Stock Track

Dec 11, 2024

Shares of Quantum Computing Inc. (QUBT) plummeted 11.3% in pre-market trading on Wednesday, as the innovative photonics and quantum optics technology company announced plans to sell shares in a registered direct offering and a concurrent private placement.

The company has entered into agreements to sell approximately 1.5 million shares of common stock at $5 per share to institutional investors in a registered direct offering. Additionally, Quantum Computing agreed to sell an additional 8.5 million shares at the same price in a private placement. The total gross proceeds from the offerings are expected to be $50 million, with the closing anticipated on or about Thursday.

Quantum Computing stated that it plans to use the net proceeds from the share sale for working capital and general corporate purposes.

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(QUBT) plummeted 11.3% in pre-market trading on Wednesday, as the innovative photonics and quantum optics technology company announced plans to sell shares in a registered direct offering and a concurrent private placement.</p>\n\n<p>The company has entered into agreements to sell approximately 1.5 million shares of common stock at $5 per share to institutional investors in a registered direct offering. Additionally, Quantum Computing agreed to sell an additional 8.5 million shares at the same price in a private placement. 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Plunges 11.3% in Pre-market on $50M Share Offering Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-11 22:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Quantum Computing Inc. (QUBT) plummeted 11.3% in pre-market trading on Wednesday, as the innovative photonics and quantum optics technology company announced plans to sell shares in a registered direct offering and a concurrent private placement.</p>\n\n<p>The company has entered into agreements to sell approximately 1.5 million shares of common stock at $5 per share to institutional investors in a registered direct offering. Additionally, Quantum Computing agreed to sell an additional 8.5 million shares at the same price in a private placement. The total gross proceeds from the offerings are expected to be $50 million, with the closing anticipated on or about Thursday.</p>\n\n<p>Quantum Computing stated that it plans to use the net proceeds from the share sale for working capital and general corporate purposes.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QUBT","symbol_name":"Quantum Computing Inc.","start_time":0,"source_url":"","article_id":"1158507920","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158507920","pubTimestamp":1733927671,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Quantum Computing Inc.  plummeted 11.3% in pre-market trading on Wednesday, as the innovative photonics and quantum optics technology company announced plans to sell shares in a registered direct offering and a concurrent private placement.The company has entered into agreements to sell approximately 1.5 million shares of common stock at $5 per share to institutional investors in a registered direct offering. 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