D-Wave Quantum Confirms NYSE Listing for Common Stock & Warrants
Ticker: QBTS · Form: 8-K · Filed: Jan 17, 2024 · CIK: 1907982
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, securities-listing, warrants
TL;DR
**D-Wave's common stock and warrants are officially listed on NYSE, with warrants convertible at $11.50 for 1.4541326 shares.**
AI Summary
D-Wave Quantum Inc. filed an 8-K on January 17, 2024, reporting an event on January 10, 2024, related to its common stock and warrants. The filing confirms that D-Wave's common stock (QBTS) and warrants are registered on the New York Stock Exchange. Each whole warrant is exercisable for 1.4541326 shares of common stock at an exercise price of $11.50. This matters to investors because it clarifies the terms of their warrants and confirms the listing of their securities, providing transparency on their investment.
Why It Matters
This filing provides clarity on the terms of D-Wave's warrants and confirms the listing of its securities on the NYSE, which is crucial for investor confidence and liquidity.
Risk Assessment
Risk Level: low — This filing primarily provides factual information about existing securities and their listing, posing minimal new risk.
Analyst Insight
A smart investor would review their warrant holdings to understand the conversion terms and exercise price, especially if considering future conversion or sale, given the confirmed details.
Key Numbers
- $0.0001 — Par value per share (of D-Wave's common stock)
- $11.50 — Warrant exercise price (price to convert one warrant into shares)
- 1.4541326 — Shares per warrant (number of common shares received per whole warrant)
Key Players & Entities
- D-Wave Quantum Inc. (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — where D-Wave's securities are registered
- $0.0001 (dollar_amount) — par value per share of common stock
- $11.50 (dollar_amount) — exercise price per warrant
- 1.4541326 (dollar_amount) — shares of common stock per whole warrant
- January 10, 2024 (date) — date of earliest event reported
- January 17, 2024 (date) — date the 8-K was filed
Forward-Looking Statements
- Investor confidence in QBTS will remain stable due to clear security terms. (QBTS) — medium confidence, target: 2024-06-30
FAQ
What is the trading symbol for D-Wave Quantum Inc.'s common stock?
The trading symbol for D-Wave Quantum Inc.'s common stock is QBTS, as stated in the filing under 'Securities registered pursuant to Section 12(b) of the Act'.
On which exchange are D-Wave Quantum Inc.'s common stock and warrants registered?
Both D-Wave Quantum Inc.'s common stock and warrants are registered on the New York Stock Exchange, according to the 'Name of each exchange on which registered' section.
What is the par value of D-Wave Quantum Inc.'s common stock?
The par value of D-Wave Quantum Inc.'s common stock is $0.0001 per share, as specified in the 'Title of each class' section.
How many shares of common stock can be obtained by exercising one whole warrant?
Each whole warrant is exercisable for 1.4541326 shares of common stock, as detailed in the description of the warrants.
What is the exercise price for D-Wave Quantum Inc.'s warrants?
The exercise price for D-Wave Quantum Inc.'s warrants is $11.50, as indicated in the 'qbts:WarrantsEachWholeWarrantExercisableFor14541326SharesOfCommonStockAtAnExercisePriceOf1150Member' section.
Filing Stats: 804 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-01-17 07:17:43
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share QBTS New York Stock Excha
- $11.50 — of common stock at an exercise price of $11.50 QBTS.WT New York Stock Exchange I
- $70 billion — rsee development and expenditure of its $70 billion in total annual budget authority. As an
Filing Documents
- ef20018958_8k.htm (8-K) — 30KB
- ef20018958_ex99-1.htm (EX-99.1) — 11KB
- 0001140361-24-002440.txt ( ) — 225KB
- qbts-20240110.xsd (EX-101.SCH) — 4KB
- qbts-20240110_def.xml (EX-101.DEF) — 18KB
- qbts-20240110_lab.xml (EX-101.LAB) — 28KB
- qbts-20240110_pre.xml (EX-101.PRE) — 20KB
- ef20018958_8k_htm.xml (XML) — 6KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits . (d) Exhibits Exhibit No. Description 99.1 Press release, dated January 17, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 17, 2024 D-Wave Quantum Inc. By: /s/ Alan Baratz Alan Baratz President & Chief Executive Officer