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

Insights

Investment Banker

QCi secures massive $500M funding at premium pricing, strengthening its balance sheet to $850M for accelerated growth initiatives.

The $500 million private placement represents a significant financial milestone for Quantum Computing Inc. What stands out immediately is that this offering was oversubscribed and priced "at a significant premium" compared to their four recent offerings, demonstrating strong investor confidence in their technology and growth prospects.

This raise brings QCi's total cash position to approximately $850 million, creating substantial financial flexibility. Since November 2024, they've raised approximately $900 million in gross proceeds - remarkable for a quantum computing company at this stage.

The capital injection comes from both existing shareholders and a new investment from what they describe as a "preeminent global alternative asset manager," signaling institutional validation of their photonics and quantum optics approach. This caliber of investor typically conducts exhaustive due diligence, suggesting confidence in QCi's technological differentiation.

Management's allocation plan focuses on four key areas: accelerating commercialization efforts, pursuing strategic acquisitions, expanding sales and engineering teams, and enhancing manufacturing capabilities. This balanced approach addresses both near-term revenue generation and long-term infrastructure development.

The involvement of existing shareholders in this round indicates continued confidence from those most familiar with the company's operations and technology roadmap. With this war chest, QCi has positioned itself to potentially outpace competitors in the quantum computing race through both organic growth and strategic acquisitions.

• 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/quantum-computing-inc-announces-closing-of-oversubscribed-private-placement-of-common-stock-for-proceeds-of-500-million-302566451.html

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.