D-Wave Quantum Clarifies Warrant Exercise Terms: 1.4541326 Shares at $11.50

Ticker: QBTS · Form: 8-K · Filed: Jan 23, 2024 · CIK: 1907982

Complexity: simple

Sentiment: neutral

Topics: warrants, disclosure, equity, corporate-action

TL;DR

**D-Wave clarified warrant terms: 1.4541326 shares per warrant at $11.50.**

AI Summary

D-Wave Quantum Inc. filed an 8-K on January 23, 2024, to update its registration statement regarding its common stock and warrants. The filing clarifies that each whole warrant (trading as QBTS.WT) is exercisable for 1.4541326 shares of common stock (trading as QBTS) at an exercise price of $11.50 per share. This matters to investors because it provides precise details on how their warrants can be converted into common stock, impacting potential dilution and the value of their holdings.

Why It Matters

This filing provides crucial clarity for investors holding D-Wave warrants (QBTS.WT), detailing the exact conversion ratio and exercise price, which directly affects their potential returns and the company's share count.

Risk Assessment

Risk Level: low — This filing is a clarification of existing securities and does not introduce new financial risks or obligations for the company.

Analyst Insight

Investors holding QBTS.WT warrants should review their positions in light of the clarified exercise terms to understand potential conversion value and impact on their common stock holdings. Those considering buying warrants should factor in the exact 1.4541326 share conversion ratio and $11.50 exercise price.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the purpose of D-Wave Quantum Inc.'s 8-K filing on January 23, 2024?

The purpose of the 8-K filing is to provide current information regarding the terms of D-Wave Quantum Inc.'s warrants, specifically clarifying the number of common shares each whole warrant is exercisable for and the exercise price.

What is the trading symbol for D-Wave Quantum Inc.'s common stock and warrants?

The trading symbol for D-Wave Quantum Inc.'s common stock is QBTS, and the trading symbol for its warrants is QBTS.WT, both registered on the New York Stock Exchange.

How many shares of common stock can an investor get from exercising one whole warrant?

According to the filing, each whole warrant is exercisable for 1.4541326 shares of D-Wave Quantum Inc.'s common stock.

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 per share of common stock.

What type of disclosure is this 8-K filing categorized under?

This 8-K filing includes 'Regulation FD Disclosure' and 'Financial Statements and Exhibits' as per the item information provided.

Filing Stats: 538 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-01-23 06:45:39

Key Financial Figures

Filing Documents

01

Item 7.01. Regulation FD Disclosure. On January 23, 2024, D-Wave Quantum, Inc. (the "Company") will host an analyst day at its Burnaby office, with some attendees attending virtually. The analyst day presentation is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Financial Statements and Exhibits

Financial Statements and Exhibits . (d) Exhibits Exhibit No. Description 99.1 Analyst Day Presentation, dated January 23, 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 23, 2024 D-Wave Quantum Inc. By: /s/ Alan Baratz Alan Baratz President & Chief Executive Officer

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