D-Wave Quantum Inc. (NYSE: QBTS) Secures $400 Million in Equity Offering, Eyes Acquisitions and Expansion
The $400M at-the-market equity offering was completed in just over two weeks. The average sale price in the offering was at a 149% premium compared to the company’s previous ATM raise in January 2025. The company holds a cash balance of approximately $815 million as of July 1. Proceeds will support strategic acquisitions, capital expenditures, and working capital needs. The ATM program comes as D-Wave’s Q1 2025 revenue surged 509% year-over-year, boosted by a major system sale to Germany’s Julich Supercomputing Center. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, has completed sales of…