D-Wave Inks Share Sale Agreement Worth up to $150M, Quantum Stocks Dip

Seeking Alpha

13 Jan

D-Wave Quantum (NYSE:QBTS) said in a regulatory filing on Friday that it entered a sales agreement with agents, under which it may offer its common stock worth up to $150M.

Shares of D-Wave fell about 20% in morning trading on Monday.

The company had signed the agreement with Needham, Stifel, Nicolaus & Company, B. Riley Securities, Roth Capital Partners, The Benchmark Company and Craig-Hallum Capital, under which it may sell its common stock from time to time.

In a separate filing, the company said that its stockholder Public Sector Pension Investment Board would sell about 40.06M common shares with a market value of $244.34M.

The transaction is part of the merger with SPAC DPCM Capital, via which D-Wave went public in 2022.

The Public Sector Pension Investment Board had also sold shares in December 2024.

On Friday, said D-Wave had also said that its fiscal year 2024 bookings will likely top $23M, representing a growth of nearly 120% over fiscal year 2023 bookings.

Last week, shares of quantum computing focused companies slumped, after Nvidia's CEO Jensen Huang said that "very useful" quantum computers are over a decade away. However, D-Wave's CEO Alan Baratz did not agree with Huang's statement.

Shares of SEALSQ Corp (LAES) fell 17%, Quantum Corp (QMCO) fell 12%, Rigetti Computing (RGTI) fell 11%, Quantum Computing (QUBT) fell 9%, Arqit Quantum (ARQQ) fell 8%, Alphabet (GOOGL) fell 2%, IonQ (IONQ) fell 1%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1199260248"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1199260248\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/1199260248?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-13 22:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1199260248","market":"us","top_or_hot":-1,"title":"D-Wave Inks Share Sale Agreement Worth up to $150M, Quantum Stocks Dip","media":"Seeking Alpha","content":"<html><head></head><body><p>D-Wave Quantum (NYSE:QBTS) said in a regulatory filing on Friday that it entered a sales agreement with agents, under which it may offer its common stock worth up to $150M.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a8fc419ccb8cd52694456e3a4b8148e0\" tg-height=\"434\" tg-width=\"547\"/></p><p style=\"text-align: left;\">Shares of D-Wave fell about 20% in morning trading on Monday.</p><p style=\"text-align: left;\">The company had signed the agreement with Needham, Stifel, Nicolaus & Company, B. Riley Securities, Roth Capital Partners, The Benchmark Company and Craig-Hallum Capital, under which it may sell its common stock from time to time.</p><p style=\"text-align: left;\">In a separate filing, the company said that its stockholder Public Sector Pension Investment Board would sell about 40.06M common shares with a market value of $244.34M.</p><p style=\"text-align: left;\">The transaction is part of the merger with SPAC DPCM Capital, via which D-Wave went public in 2022.</p><p style=\"text-align: left;\">The Public Sector Pension Investment Board had also sold shares in December 2024.</p><p style=\"text-align: left;\">On Friday, said D-Wave had also said that its fiscal year 2024 bookings will likely top $23M, representing a growth of nearly 120% over fiscal year 2023 bookings.</p><p style=\"text-align: left;\">Last week, shares of quantum computing focused companies slumped, after Nvidia's CEO Jensen Huang said that \"very useful\" quantum computers are over a decade away. However, D-Wave's CEO Alan Baratz did not agree with Huang's statement.</p><p style=\"text-align: left;\">Shares of  SEALSQ Corp (LAES) fell 17%, Quantum Corp (QMCO) fell 12%, Rigetti Computing (RGTI) fell 11%, Quantum Computing (QUBT) fell 9%, Arqit Quantum (ARQQ) fell 8%, Alphabet (GOOGL) fell 2%, IonQ (IONQ) fell 1%.</p></body></html>","source":"lsy1728464409321","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>D-Wave Inks Share Sale Agreement Worth up to $150M, Quantum Stocks Dip</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nD-Wave Inks Share Sale Agreement Worth up to $150M, Quantum Stocks Dip\n</h2>\n<h4 class=\"meta\">\n\n\n2025-01-13 22:50 GMT+8   <a href=\"https://seekingalpha.com/news/4394539-d-wave-inks-share-sale-agreement-worth-up-to-150m-quantum-stocks-dip\"><strong>Seeking Alpha</strong></a>\n</h4>\n</header>\n<article>\n<div>\n<p>D-Wave Quantum (NYSE:QBTS) said in a regulatory filing on Friday that it entered a sales agreement with agents, under which it may offer its common stock worth up to $150M.Shares of D-Wave fell about ...</p>\n<a href=\"https://seekingalpha.com/news/4394539-d-wave-inks-share-sale-agreement-worth-up-to-150m-quantum-stocks-dip\">Source Link</a>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOOGL","symbol_name":"谷歌A","start_time":0,"source_url":"https://seekingalpha.com/news/4394539-d-wave-inks-share-sale-agreement-worth-up-to-150m-quantum-stocks-dip","article_id":"1199260248","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1199260248","pubTimestamp":1736779858,"columns":[],"sourceInfo":{"source_id":"lsy1728464409321","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"D-Wave Quantum (NYSE:QBTS) said in a regulatory filing on Friday that it entered a sales agreement with agents, under which it may offer its common stock worth up to $150M.Shares of D-Wave fell about ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GOOGL":"谷歌A","IONQ":"IONQ Inc.","QUBT":"Quantum Computing Inc.","QBTS":"D-Wave Quantum Inc.","LAES":"SEALSQ Corp","RGTI":"Rigetti Computing","GOOG":"谷歌"},"translate_title":"D-Wave签署价值高达1.5亿美元的股票出售协议，Quantum股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOOG":1.1,"GOOGL":1.1,"IONQ":1.1,"LAES":1.1,"QBTS":1.1,"QUBT":1.1,"RGTI":1.1},"content_text":"D-Wave Quantum (NYSE:QBTS) said in a regulatory filing on Friday that it entered a sales agreement with agents, under which it may offer its common stock worth up to $150M.Shares of D-Wave fell about 20% in morning trading on Monday.The company had signed the agreement with Needham, Stifel, Nicolaus & Company, B. Riley Securities, Roth Capital Partners, The Benchmark Company and Craig-Hallum Capital, under which it may sell its common stock from time to time.In a separate filing, the company said that its stockholder Public Sector Pension Investment Board would sell about 40.06M common shares with a market value of $244.34M.The transaction is part of the merger with SPAC DPCM Capital, via which D-Wave went public in 2022.The Public Sector Pension Investment Board had also sold shares in December 2024.On Friday, said D-Wave had also said that its fiscal year 2024 bookings will likely top $23M, representing a growth of nearly 120% over fiscal year 2023 bookings.Last week, shares of quantum computing focused companies slumped, after Nvidia's CEO Jensen Huang said that \"very useful\" quantum computers are over a decade away. However, D-Wave's CEO Alan Baratz did not agree with Huang's statement.Shares of  SEALSQ Corp (LAES) fell 17%, Quantum Corp (QMCO) fell 12%, Rigetti Computing (RGTI) fell 11%, Quantum Computing (QUBT) fell 9%, Arqit Quantum (ARQQ) fell 8%, Alphabet (GOOGL) fell 2%, IonQ (IONQ) fell 1%.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}