D-Wave Quantum Inc. Files 8-K on Stock and Warrants
Ticker: QBTS · Form: 8-K · Filed: Aug 20, 2024 · CIK: 1907982
Sentiment: neutral
Topics: sec-filing, stock, warrants
Related Tickers: DWAC
TL;DR
DWAVE filed an 8-K on Aug 20th covering stock and warrants. Check it for financials.
AI Summary
On August 20, 2024, D-Wave Quantum Inc. filed an 8-K to disclose information regarding its common stock and warrants. The filing details the company's financial statements and exhibits, providing an update on its corporate structure and securities.
Why It Matters
This filing provides essential updates on D-Wave Quantum's securities, which is crucial for investors to understand the company's current financial and structural standing.
Risk Assessment
Risk Level: low — This is a routine filing disclosing financial statements and exhibits, not indicating any immediate operational or financial distress.
Key Players & Entities
- D-Wave Quantum Inc. (company) — Registrant
- August 20, 2024 (date) — Date of earliest event reported
- 2650 East Bayshore Road (address) — Principal executive offices
- Palo Alto, California 94303 (address) — Principal executive offices
- (604) 630-1428 (phone_number) — Business phone
FAQ
What is the primary purpose of this 8-K filing by D-Wave Quantum Inc.?
The primary purpose of this 8-K filing is to report on Regulation FD Disclosure and to provide Financial Statements and Exhibits as of August 20, 2024.
What specific types of securities are mentioned in relation to D-Wave Quantum Inc. in this filing?
The filing specifically mentions D-Wave Quantum Inc.'s common stock (us-gaap:CommonStockMember) and warrants (us-gaap:WarrantMember).
On what date was this 8-K filing reported?
The report was filed as of August 20, 2024, and the date of the earliest event reported is also August 20, 2024.
Where are D-Wave Quantum Inc.'s principal executive offices located?
D-Wave Quantum Inc.'s principal executive offices are located at 2650 East Bayshore Road, Palo Alto, California 94303.
What is the Standard Industrial Classification (SIC) code for D-Wave Quantum Inc.?
The Standard Industrial Classification (SIC) code for D-Wave Quantum Inc. is 7374, which corresponds to SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Stats: 611 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-08-20 07:08:23
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share QBTS New York Stock Exchange
- $11.50 — of common stock at an exercise price of $11.50 QBTS.WT New York Stock Exchange Indic
Filing Documents
- qbts-20240820.htm (8-K) — 31KB
- press_rlsxnttxdocomofinal3.htm (EX-99.1) — 13KB
- 0001907982-24-000099.txt ( ) — 212KB
- qbts-20240820.xsd (EX-101.SCH) — 2KB
- qbts-20240820_def.xml (EX-101.DEF) — 15KB
- qbts-20240820_lab.xml (EX-101.LAB) — 27KB
- qbts-20240820_pre.xml (EX-101.PRE) — 16KB
- qbts-20240820_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On August 20, 2024, D-Wave Quantum Inc. ("D-Wave") and NTT DOCOMO Inc. ("DOCOMO"), Japan's largest mobile phone operator with over 90 million subscriptions, announced a quantum optimization pilot that resulted in demonstrable mobile network performance improvements. Using D-Wave's annealing quantum computing solutions, DOCOMO found that it can reduce congestion at base stations by decreasing paging signals during peak calling times by 15%, potentially leading to increased efficiencies and lowered infrastructure costs. DOCOMO plans to deploy the hybrid-quantum solution in production across its Japanese branch offices in the coming months. A copy of the press release is attached as Exhibit 99.1. The information in this Item 7.01 to this Current Report on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits . (d) Exhibits Exhibit No. Description 99.1 Press release, dated August 20, 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: August 20, 2024 D-Wave Quantum Inc. By: /s/ Alan Baratz Name: Alan Baratz Title: President & Chief Executive Officer