Quantum Computing Inc. Announces $750 Million Oversubscribed Private Placement of Common Stock Priced at the Market Under Nasdaq Rules

Rhea-AI Summary

Quantum Computing Inc (NASDAQ: QUBT) announced on Oct 6, 2025 that it entered into securities purchase agreements for an oversubscribed private placement of 37,183,937 shares of common stock priced at the market under Nasdaq rules. The offering is expected to generate $750 million in gross proceeds, with closing targeted on or about Oct 8, 2025, subject to customary closing conditions.

According to the press release, QCi's pro‑forma cash position is expected to be approximately $1.55 billion after closing and total capital raised since Nov 2024 is $1.64 billion. The company states it will use net proceeds to fund commercialization, pursue strategic acquisitions, establish volume production, expand sales and engineering headcount, and for working capital and general corporate purposes.

Positive

• $750M gross proceeds expected from private placement
• Pro‑forma cash position of approximately $1.55B after closing
• Total capital raised since Nov 2024: $1.64B
• Company states funding sufficient to execute plan through 2028

Negative

• Issuance of 37,183,937 new shares will increase outstanding float (dilution)
• Offering priced at the market under Nasdaq rules may have near‑term EPS dilution
• Closing is subject to customary conditions; not yet closed
• Shares issued are unregistered and subject to a resale registration filing before broader sale

Insights

Capital Markets Strategist

QCi secured a large, oversubscribed $750M private placement, boosting pro-forma cash to $1.55B and extending runway through 2028.

The article states QCi agreed to sell 37,183,937 shares in an oversubscribed private placement expected to raise gross proceeds of $750 million, led by its largest existing shareholders with Titan Partners Group as placement agent.

What it means: The company materially strengthens its balance sheet to a reported pro-forma cash position of $1.55 billion, enabling planned commercialization, production scale-up, hires, and M&A activity the press release lists as uses of proceeds.

Why it matters: Such a sizable, investor-backed capital infusion reduces near-term financing risk and supports execution of the stated roadmap through 2028, which can change capital allocation priorities and de-risk near-term liquidity questions. The closing timing is a concrete near-term milestone: the offering is expected to close on or about October 8, 2025.

• The offering is being led by QCi's largest existing shareholders
  
  
• Company's pro-forma cash position expected to be approximately $ 1.55 billion  following closing

HOBOKEN, N.J., Oct. 5, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 37,183,937 shares of common stock in an oversubscribed private placement priced at the market under Nasdaq rules. The offering is expected to result in gross proceeds of $750 million, before deducting offering expenses. The closing of the offering is expected to occur on or about October 8, 2025, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the offering to fully fund commercialization, pursue strategic acquisitions, establish volume production capabilities, expand sales and engineering personnel, working capital, and general corporate purposes. 

Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering.

"Total capital raised since November 2024 is now $1.64 billion, positioning QCi with the strongest balance sheet among publicly traded quantum computing companies and providing what we believe is sufficient funding to execute our current business plan through 2028. The support from our existing investors through this recent raise is validation of our vision, technology, and roadmap. Our focus now shifts to expedite the transition from a quantum technology innovation company to a leading quantum hardware manufacturer, progressing our mission of putting quantum into the hands of people," said Dr. Yuping Huang, CEO and Chairman of the Board of QCi.

The securities issued in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Company has agreed to file a resale registration statement with the SEC for purposes of registering the resale of the shares of common stock issued in connection with the private placement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Quantum Computing Inc.

Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines and foundry services for the production of photonic chips based on thin-film lithium niobate (TFLN). QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.

About Titan Partners

Titan Partners Group, a division of American Capital Partners, is a boutique investment bank specializing in tailored solutions for publicly traded emerging growth companies. Titan Partners combines expertise, trust, dedication, and a forward-thinking approach to help clients achieve their strategic capital needs.

Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the expected closing of the offering, QCi's use of the net proceeds from the offering and the anticipated benefits that the Company may realize from the offering. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including having sufficient funding to execute our current business plan, the timing of orders and revenue, and the outcome of ongoing collaborations and demonstration projects with certain U.S. government agencies, academic institutions and commercial customers, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

Company Contact:
Rosalyn Christian/John Nesbett
IMS Investor Relations
qci@imsinvestorrelations.com

Titan Partners Contact:
info@titanpartnersgrp.com
4 World Trade Center, 29^th Floor
New York, NY 10007
(929) 833-1246
www.titanpartnersgrp.com

 

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SOURCE Quantum Computing Inc.

FAQ

What did QUBT announce in the Oct 6, 2025 press release?

QUBT announced an oversubscribed private placement of 37,183,937 common shares to raise $750M in gross proceeds.

When is the QUBT private placement expected to close?

The press release states the closing is expected on or about October 8, 2025, subject to customary closing conditions.

How much cash will QUBT have after the October 2025 offering?

According to the company, pro‑forma cash is expected to be approximately $1.55 billion following closing.

What will QUBT use the $750M from the private placement for?

The company says net proceeds will fund commercialization, strategic acquisitions, volume production, expand sales and engineering, working capital, and general corporate purposes.

Who led the QUBT private placement and how was it priced?

The offering was led by the company's largest existing shareholders with Titan Partners Group acting as sole placement agent, and it was priced at the market under Nasdaq rules.

Will the QUBT shares from the private placement be immediately tradable?

No. The shares were issued in a private placement and are unregistered; the company agreed to file a resale registration statement with the SEC to enable future resale.