Quantum Computing Inc. Announces Private Placement of Common Stock for Proceeds of $200 Million

Rhea-AI Summary

Quantum Computing Inc. (QUBT) has secured a significant private placement offering of $200 million through the sale of 14,035,089 shares of common stock at $14.25 per share to institutional investors. The offering, led by Titan Partners Group, is expected to close on June 24, 2025. Following the transaction, QCi's total cash position is anticipated to exceed $350 million. The company plans to utilize the net proceeds to accelerate commercialization efforts, pursue strategic acquisitions, and support working capital and general corporate purposes. The securities issued in this private placement are not registered under the Securities Act of 1933, but QCi has committed to file a resale registration statement with the SEC.

Positive

• Substantial capital raise of $200 million strengthens balance sheet
• Strong institutional investor interest demonstrates market confidence
• Total cash position expected to reach over $350 million post-closing
• Strategic use of proceeds for commercialization and acquisitions indicates growth focus

Negative

• Significant dilution for existing shareholders through issuance of 14,035,089 new shares
• Securities not immediately registered, potentially limiting tradability
• Private placement pricing at $14.25 may impact market price

Insights

Financial Analyst

QCi's $200M private placement significantly strengthens its financial position, enabling accelerated commercialization and strategic acquisitions in quantum technology.

This $200 million private placement represents a substantial capital injection for Quantum Computing Inc., with shares priced at $14.25 each. The participation of institutional investors signals strong market confidence in QCi's quantum and photonics technology roadmap. With 14,035,089 new shares being issued, this represents meaningful but measured dilution in exchange for significant growth capital.

The placement's pricing structure provides important market validation. The company's expected cash position of over $350 million post-closing (implying approximately $150 million in existing reserves) gives QCi substantial financial flexibility in an industry where deep pockets are essential for long-term success. This capital reserve significantly exceeds typical funding levels for comparably sized quantum technology companies.

The declared use of proceeds focuses on three strategic priorities: accelerating commercialization efforts, pursuing strategic acquisitions, and strengthening working capital. This suggests QCi is transitioning from technology development toward market deployment while simultaneously seeking to expand capabilities through M&A. The quantum computing sector requires substantial capital for both R&D and commercialization, making this raise particularly timely.

QCi's ability to secure this level of institutional investment despite market volatility in the quantum computing space demonstrates exceptional investor confidence in their integrated photonics approach. This financing substantially de-risks their execution timeline and positions them with the financial resources needed to capitalize on near-term commercial opportunities in quantum technology.

• The offering is being led by several preeminent global investment firms
• Company total cash position expected to exceed $350 million following closing

HOBOKEN, N.J., June 23, 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 14,035,089 shares of common stock in a private placement at a purchase price of $14.25 per share. The offering is expected to result in gross proceeds of $200 million, before deducting offering expenses. The closing of the offering is expected to occur on or about June 24, 2025, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the offering to accelerate commercialization efforts, strategic acquisitions, 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.

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 to the world today. QCi products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technology and products offer distinctive capabilities in the areas of high-performance computing, artificial intelligence, cybersecurity, as well as remote sensing applications.

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 and including 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 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

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SOURCE Quantum Computing Inc.

FAQ

How much money did Quantum Computing Inc (QUBT) raise in its June 2025 private placement?

Quantum Computing Inc raised $200 million through the private placement of common stock at $14.25 per share.

What is the price per share for QUBT's private placement offering?

The private placement was priced at $14.25 per share.

How many new shares will QUBT issue in the private placement?

Quantum Computing Inc will issue 14,035,089 new shares of common stock in the private placement.

What will QUBT use the private placement proceeds for?

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

What will be QUBT's cash position after the private placement?

The company's total cash position is expected to exceed $350 million following the closing of the private placement.