Quantum Computing Inc. Announces Closing of Oversubscribed Private Placement of Common Stock for Proceeds of $500 Million

Rhea-AI Summary

Quantum Computing Inc. (NASDAQ:QUBT) has successfully closed an oversubscribed private placement, raising $500 million through the sale of 26,867,276 shares of common stock. The offering, led by existing shareholders and a global alternative asset manager, was priced at market under Nasdaq rules.

Following this transaction, QCi's total cash position stands at approximately $850 million. The company has raised a total of $900 million in gross proceeds since November 2024. The funds will be used to accelerate commercialization efforts, pursue strategic acquisitions, expand sales and engineering teams, and enhance manufacturing capabilities.

Positive

• Raised significant capital of $500 million through oversubscribed private placement
• Strong cash position of $850 million post-offering
• Offering priced at significant premium compared to recent offerings
• Strong support from both new and existing top-tier institutional investors

Negative

• Potential dilution for existing shareholders due to issuance of 26.87 million new shares
• Securities not registered under Securities Act of 1933, limiting immediate tradability

News Market Reaction

+0.02%

59 alerts

+0.02% News Effect

-6.3% Trough in 28 hr 19 min

+$684K Valuation Impact

$3.42B Market Cap

1.1x Rel. Volume

On the day this news was published, QUBT gained 0.02%, reflecting a mild positive market reaction. Argus tracked a trough of -6.3% from its starting point during tracking. Our momentum scanner triggered 59 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $684K to the company's valuation, bringing the market cap to $3.42B at that time.

Data tracked by StockTitan Argus on the day of publication.

• The offering was led by several large existing shareholders alongside an initial investment from a preeminent global alternative asset manager
  
  
• Company's total cash position is approximately $850 million following closing

HOBOKEN, N.J., Sept. 24, 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 closed its previously announced oversubscribed private placement for the purchase and sale of 26,867,276 shares of common stock priced at the market under Nasdaq rules. The offering resulted in gross proceeds of $500 million, before deducting offering expenses.

The Company intends to use the net proceeds from the offering to accelerate commercialization efforts, strategic acquisitions, expand sales and engineering personnel, working capital, and general corporate purposes.

"This successful $500 million offering, backed by strong support from both new and existing top-tier institutional investors, was priced at a significant premium compared to our four recent offerings," said Dr. Yuping Huang, CEO and Chairman of the Board of QCi. "With this transaction, we have raised approximately $900 million in gross proceeds since November 2024. This additional funding further strengthens our balance sheet and positions us to advance our multi-year growth strategy of accelerating commercialization, pursuing strategic acquisitions, expanding our sales and engineering teams, and enhancing our manufacturing capabilities."

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

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. (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 emerging growth companies and their investors. Headquartered in New York City, Titan Partners offers a full suite of capabilities, including investment banking, capital markets advisory, and research. Committed to setting the standard for securities transactions in the middle market, Titan Partners combines expertise, trust, and a forward-thinking approach to deliver results and help corporate clients achieve their strategic goals.

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

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SOURCE Quantum Computing Inc.

FAQ

How much did Quantum Computing Inc (QUBT) raise in its latest private placement?

Quantum Computing Inc raised $500 million through the sale of 26,867,276 shares of common stock in an oversubscribed private placement.

What is QUBT's current cash position after the private placement?

Following the private placement, Quantum Computing Inc's total cash position is approximately $850 million.

How will Quantum Computing Inc use the proceeds from the $500M offering?

The proceeds will be used for accelerating commercialization efforts, strategic acquisitions, expanding sales and engineering personnel, working capital, and general corporate purposes.

How much has QUBT raised in total since November 2024?

Quantum Computing Inc has raised approximately $900 million in gross proceeds since November 2024.

Who acted as the placement agent for QUBT's private placement?

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