D-Wave Quantum Appoints New CEO, Board Changes
Ticker: QBTS · Form: 8-K · Filed: Nov 25, 2024 · CIK: 1907982
| Field | Detail |
|---|---|
| Company | D-Wave Quantum INC. (QBTS) |
| Form Type | 8-K |
| Filed Date | Nov 25, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-appointment, board-of-directors
TL;DR
New CEO at D-Wave Quantum, old one out. Board shakeup.
AI Summary
D-Wave Quantum Inc. announced on November 22, 2024, the appointment of Dr. Alan Baratz as Chief Executive Officer and a member of the Board of Directors, effective immediately. The company also reported the resignation of its previous CEO, Gary D. Steele, and the departure of Director, Ms. Michelle van der Merwe. These changes are effective as of November 22, 2024.
Why It Matters
This leadership change at D-Wave Quantum could signal a shift in strategic direction for the quantum computing company, potentially impacting its future growth and market position.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty regarding future strategy and execution, impacting investor confidence.
Key Players & Entities
- D-Wave Quantum Inc. (company) — The company filing the report.
- Dr. Alan Baratz (person) — Newly appointed Chief Executive Officer and Board Member.
- Gary D. Steele (person) — Resigned Chief Executive Officer.
- Ms. Michelle van der Merwe (person) — Departing Director.
- November 22, 2024 (date) — Effective date of the leadership and board changes.
FAQ
Who has been appointed as the new CEO of D-Wave Quantum Inc.?
Dr. Alan Baratz has been appointed as the new Chief Executive Officer of D-Wave Quantum Inc.
When were the leadership changes effective?
The leadership changes were effective as of November 22, 2024.
Who has resigned as CEO?
Gary D. Steele has resigned as Chief Executive Officer.
Has there been any change in the Board of Directors?
Yes, Dr. Alan Baratz has been appointed to the Board of Directors, and Ms. Michelle van der Merwe has departed from the Board.
What is the exact date of this 8-K filing?
The filing date is November 25, 2024, and the earliest event reported is November 22, 2024.
Filing Stats: 893 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-11-25 09:55:42
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-20241122.htm (8-K) — 34KB
- exhibit991-pressreleasedat.htm (EX-99) — 9KB
- 0001907982-24-000163.txt ( ) — 210KB
- qbts-20241122.xsd (EX-101.SCH) — 2KB
- qbts-20241122_def.xml (EX-101.DEF) — 15KB
- qbts-20241122_lab.xml (EX-101.LAB) — 27KB
- qbts-20241122_pre.xml (EX-101.PRE) — 16KB
- qbts-20241122_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits . (d) Exhibits Exhibit No. Description 99.1 Press release, dated November 25, 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: November 25, 2024 D-Wave Quantum Inc. By: /s/ Alan Baratz Name: Alan Baratz Title: President & Chief Executive Officer