Quantum Computing Inc. Files Material Definitive Agreement 8-K

Ticker: QUBT · Form: 8-K · Filed: Nov 15, 2024 · CIK: 1758009

Quantum Computing Inc. 8-K Filing Summary
FieldDetail
CompanyQuantum Computing Inc. (QUBT)
Form Type8-K
Filed DateNov 15, 2024
Risk Levelmedium
Pages4
Reading Time5 min
Key Dollar Amounts$0.0001, $2.50, $40 m, $2.875, $100,000
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, 8-k

Related Tickers: QCGI

TL;DR

QCGI signed a big deal, filing an 8-K today. Details TBD.

AI Summary

Quantum Computing Inc. announced a material definitive agreement on November 14, 2024. The company, headquartered in Hoboken, NJ, filed a Form 8-K to disclose this event. Specific details of the agreement were not provided in the initial filing information.

Why It Matters

This filing indicates a significant new contract or partnership for Quantum Computing Inc., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The filing itself is routine, but the lack of detail about the material agreement introduces uncertainty about its nature and potential impact.

Key Players & Entities

  • Quantum Computing Inc. (company) — Registrant
  • November 14, 2024 (date) — Date of earliest event reported
  • Hoboken, NJ (location) — Principal executive offices address
  • 703-436-2161 (phone_number) — Registrant's telephone number

FAQ

What is the nature of the material definitive agreement?

The filing does not specify the details of the material definitive agreement, only that one has been entered into as of November 14, 2024.

What is Quantum Computing Inc.'s principal executive office address?

Quantum Computing Inc.'s principal executive offices are located at 5 Marine View Plaza, Suite 214, Hoboken, NJ 07030.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on November 14, 2024.

What is Quantum Computing Inc.'s telephone number?

Quantum Computing Inc.'s telephone number, including area code, is (703) 436-2161.

What is the company's state of incorporation?

Quantum Computing Inc. is incorporated in Delaware.

Filing Stats: 1,328 words · 5 min read · ~4 pages · Grade level 13.5 · Accepted 2024-11-15 08:30:37

Key Financial Figures

  • $0.0001 — ch registered Common stock (par value $0.0001 per share) QUBT The Nasdaq Stock Ma
  • $2.50 — "Common Stock"), at a purchase price of $2.50 per share, resulting in gross proceeds
  • $40 m — r share, resulting in gross proceeds of $40 million, before deducting placement agent
  • $2.875 — cise price per share of Common Stock of $2.875. In addition, the Company agreed to rei
  • $100,000 — reimburse the Placement Agent for up to $100,000 of its fees and expenses in connection

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Securities Purchase Agreements On November 14, 2024, Quantum Computing Inc. (the "Company") entered into securities purchase agreements (the "Purchase Agreements") pursuant to which the Company agreed to issue to the Purchasers (as defined therein), in a registered direct offering (the "Offering"), an aggregate of 16,000,000 shares of the Company's common stock, par value $0.0001 per share ("Common Stock"), at a purchase price of $2.50 per share, resulting in gross proceeds of $40 million, before deducting placement agent commissions and other offering expenses. The closing of the Offering is expected to occur on or about November 18, 2024, subject to the satisfaction of customary closing conditions. Pursuant to the Purchase Agreements, the Company has agreed not to issue, enter into any agreement to issue, or announce the issuance or proposed issuance of any shares of Common Stock or Common Stock equivalents, or file any registration statement or any amendment or supplement thereto, for a period of 45 days after the closing date of the Offering, subject to certain customary exceptions, without the consent of the Purchasers. Placement Agency Agreement The Company also entered into a Placement Agency Agreement with Titan Partners Group LLC, a division of American Capital Partners, LLC (the "Placement Agent"), dated November 14, 2024, pursuant to which the Placement Agent will act as the exclusive placement agent for the Company in connection with the Offering. The Company agreed to pay the Placement Agent a cash fee of 7.25% of the gross proceeds from the Offering and to issue to the Placement Agent (or its designees) five-year warrants representing 5% of the securities sold in the Offering, which will be exercisable beginning on May 13, 2025, and have an initial exercise price per share of Common Stock of $2.875. In addition, the Company agreed to reimburse the Placement Agent for up to $100,000 of its f

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 10.1* Form of Securities Purchase Agreement, dated as of November 14, 2024, between Quantum Computing Inc. and each Purchaser (as defined therein) 10.2 Placement Agency Agreement, dated November 14, 2024, between Quantum Computing Inc. and Titan Partners Group LLC, a division of American Capital Partners, LLC 10.3 Form of Lock-Up Agreement dated November 14, 2024 99.1 Press Release dated November 14, 2024 99.2 Investor Presentation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Certain exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Company agrees to furnish supplementally a copy of any omitted exhibit or schedule to the SEC upon its request; however, the Company may request confidential treatment of omitted items. 2

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. QUANTUM COMPUTING INC. Date: November 15, 2024 By: /s/ Christopher Boehmler Christopher Boehmler Chief Financial Officer 3

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