IonQ Becomes First Publicly Traded, Pure-Play Quantum Computing Company; Closes Business Combination with dMY Technology Group III
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IonQ ushers in the era of quantum computing, lists on public market to begin trading on NYSE under ticker “IONQ” today,
October 1, 2021 -
IonQ received gross proceeds of
from transaction to fund growth and accelerate the commercialization of industry-leading quantum computers$636 million
IonQ is a trailblazer in quantum computing with the world’s most powerful trapped-ion quantum computer, and is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud. This business combination provided IonQ with
“Quantum is here, and IonQ is leading the industry with our revolutionary trapped-ion technology,” said
Last month, IonQ announced that it had tripled its expectation for 2021 total contract bookings from its previously announced target of
“IonQ’s listing today marks an incredibly significant milestone for quantum computing – the demand for this technology is real and the path to commercialization and scale is tangible,” said
About IonQ
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the Company’s ability to accelerate the commercialization of its industry-leading quantum computers and anticipated use of capital to fund growth and achieve scale; and the accelerating need for quantum computing among enterprise customers. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: market adoption of quantum computing solutions and the Company’s products, services and solutions; the ability of the Company to protect its intellectual property; changes in the competitive industries in which the Company operates; changes in laws and regulations affecting the Company’s business; the Company’s ability to implement its business plans, forecasts and other expectations, and identify and realize additional partnerships and opportunities; and the risk of downturns in the market and the technology industry including, but not limited to, as a result of the COVID-19 pandemic. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the registration statement on Form S-4 and other documents filed by the Company from time to time with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20211001005358/en/
IonQ Media contact:
Mission North
ionq@missionnorth.com
IonQ Investor Contact:
IonQIR@icrinc.com
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