D-Wave Quantum Inc. Files 8-K Report
Ticker: QBTS · Form: 8-K · Filed: Jan 23, 2025 · CIK: 1907982
Sentiment: neutral
Topics: sec-filing, 8-k, disclosure
Related Tickers: DWAVE
TL;DR
DWAVE filed an 8-K on Jan 23, 2025 for Reg FD and financials.
AI Summary
On January 23, 2025, D-Wave Quantum Inc. filed an 8-K report. The filing primarily concerns Regulation FD Disclosure and Financial Statements and Exhibits. No specific financial figures or material events were detailed in the provided excerpt, but it indicates a standard reporting activity for the company.
Why It Matters
This filing indicates D-Wave Quantum Inc. is adhering to its reporting obligations with the SEC, providing updates on financial statements and exhibits.
Risk Assessment
Risk Level: low — The filing is a routine 8-K report for disclosures and exhibits, not indicating any immediate material changes or risks.
Key Players & Entities
- D-Wave Quantum Inc. (company) — Registrant
- January 23, 2025 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 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 for Regulation FD Disclosure and to report Financial Statements and Exhibits.
On what date was this 8-K report filed or effective?
The report was filed as of January 23, 2025.
In which state is D-Wave Quantum Inc. incorporated?
D-Wave Quantum Inc. is incorporated in Delaware.
What is the principal executive office address for D-Wave Quantum Inc.?
The principal executive office is located at 2650 East Bayshore Road, Palo Alto, California 94303.
What is the business phone number listed for D-Wave Quantum Inc.?
The business phone number listed is (604) 630-1428.
Filing Stats: 692 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2025-01-23 07:04:50
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
- $150 million — it has successfully completed sales of $150 million in gross proceeds of its common stock p
- $6.10 — pleted at an average price per share of $6.10 representing a $0.22 per share, or 3.7%
- $0.22 — price per share of $6.10 representing a $0.22 per share, or 3.7%, premium over the Vo
- $320 million — s current cash balance is approximately $320 million. The funds were used, and will continue
Filing Documents
- qbts-20250123.htm (8-K) — 32KB
- exhibit991-dxwaveannounces.htm (EX-99.1) — 9KB
- 0001907982-25-000019.txt ( ) — 208KB
- qbts-20250123.xsd (EX-101.SCH) — 2KB
- qbts-20250123_def.xml (EX-101.DEF) — 15KB
- qbts-20250123_lab.xml (EX-101.LAB) — 27KB
- qbts-20250123_pre.xml (EX-101.PRE) — 16KB
- qbts-20250123_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 23, 2025, D-Wave Quantum Inc. ("D-Wave" or the "Company") announced that it has successfully completed sales of $150 million in gross proceeds of its common stock pursuant to its previously disclosed $150 million "at-the- market" equity offering program (the "ATM Program"). The $150 million ATM Program, which was filed on January 10 th , commenced on January 15 th and ended on January 21 st , was completed at an average price per share of $6.10 representing a $0.22 per share, or 3.7%, premium over the Volume Weighted Average Price of D-Wave's common stock (per Bloomberg) for the four days that D-Wave sold common stock. The Company's current cash balance is approximately $320 million. The funds were used, and will continue to be used, for working capital and capital expenditures in support of D-Wave's ongoing technical development efforts and business operations. D-Wave believes the completion of the ATM Program provides it with the capital necessary to fully execute its operating plan to sustained profitability and positive cash flow. 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 January 23, 2025. 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, 2025 D-Wave Quantum Inc. By: /s/ Alan Baratz Name: Alan Baratz Title: President & Chief Executive Officer