D-Wave Quantum INC. 8-K Filing

Ticker: QBTS · Form: 8-K · Filed: Nov 21, 2025 · CIK: 1907982

Sentiment: neutral

Filing Stats: 845 words · 3 min read · ~3 pages · Grade level 10.2 · Accepted 2025-11-21 07:01:51

Key Financial Figures

Filing Documents

01 Other Events

Item 8.01 Other Events. On November 21, 2025, D-Wave Quantum Inc. (the "Company") issued a press release announcing that it has completed the redemption of all of the Company's outstanding public warrants (the "Warrants") to purchase shares of the Company's common stock ("Common Stock"), at 5 p.m. New York City Time on November 19, 2025 (the "Redemption Date"). A copy of the press release is filed as Exhibit 99.1 hereto and incorporated herein by reference. 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"). Of the Warrants that were outstanding prior to the Company's announcement of the redemption on October 20, 2025, 4,746,358 Warrants were subsequently exercised for approximately 6.9 million shares of Common Stock at the exercise price of $11.50 per Warrant, yielding cash proceeds to the Company of approximately $54.6 million. A total of 270,820 Warrants remained unexercised as of 5 p.m. New York City time on the Redemption Date, and the Company redeemed those Warrants for a redemption price of $0.01 per Warrant (the " Redemption Price "), or an aggregate Redemption Price of $2,708.20, in accordance with the terms of the Warrant Agreement. Following the redemption, no Warrants are outstanding. In co

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits . (d) Exhibits Exhibit No. Description 99.1 Press release, dated November 21, 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: November 21, 2025 D-Wave Quantum Inc. By: /s/ Alan Baratz Name: Alan Baratz Title: President & Chief Executive Officer

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