D-Wave Quantum Inc. Files 8-K with Financial Updates
Ticker: QBTS · Form: 8-K · Filed: Oct 20, 2025 · CIK: 1907982
Sentiment: neutral
Topics: financial-statements, corporate-filing, stock-information
Related Tickers: DWAC
TL;DR
DWAVE filed an 8-K on 10/20/25 detailing common stock & warrants.
AI Summary
D-Wave Quantum Inc. filed an 8-K on October 20, 2025, reporting other events and financial statements. The filing details information related to common stock and warrants, with the company incorporated in Delaware and headquartered in Palo Alto, California.
Why It Matters
This 8-K filing provides crucial updates on D-Wave Quantum Inc.'s financial instruments, including common stock and warrants, which can impact investor understanding of the company's capital structure.
Risk Assessment
Risk Level: low — This is a routine filing reporting on existing financial instruments and corporate information.
Key Numbers
- 1231 — Fiscal Year End (Indicates the end of the company's annual financial reporting period.)
Key Players & Entities
- D-Wave Quantum Inc. (company) — Registrant
- October 20, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Palo Alto, California (location) — Principal executive offices
- 001-41468 (identifier) — SEC File Number
FAQ
What specific 'Other Events' are being reported in this 8-K filing?
The provided text does not specify the details of the 'Other Events', only that this item is included in the filing.
What is the significance of the 'us-gaap:CommonStockMember' and 'us-gaap:WarrantMember' entries?
These entries indicate that the filing contains information pertaining to the company's common stock and warrants, likely related to their financial reporting or capital structure.
What is the company's SIC code and what does it represent?
The SIC code is 7374, which corresponds to 'SERVICES-COMPUTER PROCESSING & DATA PREPARATION'.
Where are D-Wave Quantum Inc.'s principal executive offices located?
The principal executive offices are located at 2650 East Bayshore Road, Palo Alto, California 94303.
What is the filing date and the date of the earliest event reported?
The filing date and the date of the earliest event reported are both October 20, 2025.
Filing Stats: 1,138 words · 5 min read · ~4 pages · Grade level 10.1 · Accepted 2025-10-20 07:01:33
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
- $0.01 — ption Date"), for a redemption price of $0.01 per Warrant (the "Redemption Price").
- $18.00 — s price of the Common Stock is at least $18.00 per share on each of twenty trading day
Filing Documents
- qbts-20251020.htm (8-K) — 36KB
- exh_991d-waveannouncesrede.htm (EX-99.1) — 12KB
- exh_992noticeofredemption.htm (EX-99.2) — 22KB
- 0001907982-25-000234.txt ( ) — 233KB
- qbts-20251020.xsd (EX-101.SCH) — 2KB
- qbts-20251020_def.xml (EX-101.DEF) — 15KB
- qbts-20251020_lab.xml (EX-101.LAB) — 27KB
- qbts-20251020_pre.xml (EX-101.PRE) — 16KB
- qbts-20251020_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On October 20, 2025, D-Wave Quantum Inc. (the "Company") issued a press release announcing the redemption of all of its outstanding public warrants (the "Warrants") to purchase shares of the Company's common stock ("Common Stock"), at 5:00 p.m. New York City Time on November 19, 2025 (the "Redemption Date"), for a redemption price of $0.01 per Warrant (the "Redemption Price"). As of October 17, 2025, approximately 5 million Warrants were outstanding. Holders of all outstanding Warrants may exercise their Warrants at any time from the date hereof until 5:00 p.m. New York City time on the Redemption Date by contacting their broker. Any unexercised Warrants outstanding as of 5:00 p.m. New York City Time on the Redemption Date will be void and no longer exercisable and their holders will have no rights with respect to those Warrants, except to receive the Redemption Price. If all of the outstanding Warrants are exercised, approximately 7.2 million shares of Common Stock will be issued that will result in less than 2.1% dilution to existing shareholders. The Warrants were issued under the Warrant Agreement, dated October 20, 2020, by and between DPCM Capital, Inc., a Delaware corporation, the predecessor of the Company ("DPCM"), and Continental Stock Transfer & Trust Company ("Continental"), as warrant agent, as amended by that certain Assignment, Assumption and Amendment Agreement, dated as of August 5, 2022, by and among DPCM, the Company, Continental, Computershare Inc., a Delaware corporation and its affiliate, Computershare Trust Company, N.A., a federally chartered trust company (together, "Computershare"), and that certain Amendment Agreement, dated as of March 11, 2025, by and among the Company, Computershare and Equiniti Trust Company, LLC, a New York limited liability trust company, as successor warrant agent (as so amended, the "Warrant Agreement"). Under the terms of the Warrant Agreement, the Company is entitled to redeem all o
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits . (d) Exhibits Exhibit No. Description 99.1 Press release, dated October 20, 2025. 99.2 Notice of Redemption, dated October 20, 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: October 20, 2025 D-Wave Quantum Inc. By: /s/ Alan Baratz Name: Alan Baratz Title: President & Chief Executive Officer