XPOAU Stock Price, News & Analysis

DPCM Capital (NYSE:XPOA) has proposed a bonus pool of up to 5 million shares for non-redeeming stockholders as part of its merger with D-Wave Systems. This initiative aims to encourage long-term investment by reducing the effective cost per share from $10.00 to approximately $6.88, based on redemption scenarios. A special stockholder meeting for approval is set for August 2, 2022, with voting recommended to be 'FOR' all proposals. The bonus structure is designed to minimize redemptions and support shareholder value creation.

DPCM Capital, Inc. is set to hold a Special Meeting on August 2, 2022, at 10:00 a.m. EDT, to approve a business combination with D-Wave Systems Inc., a leader in quantum computing. DPCM encourages stockholders to vote 'FOR' all proposals, as the merger is essential for D-Wave’s transition to a publicly-traded entity on the NYSE under new ticker symbols 'QBTS' and 'QBTS.WS'. Following SEC approval of the registration statement, the transaction is anticipated to close soon after the Special Meeting, with key conditions set for completion.

D-Wave Systems Inc. has announced the anticipated board of directors for D-Wave Quantum Inc., set to take effect post the DPCM Capital, Inc. (NYSE: XPOA) SPAC transaction. Steven West will chair the board, which includes experienced members such as Dr. Alan Baratz, Roger Biscay, and Amy Cappellanti-Wolf. This strategic leadership aims to accelerate the commercial delivery of quantum technology solutions across various sectors. D-Wave Quantum Inc. is expected to trade on NYSE under the symbol "QBTS" upon transaction completion.

D-Wave Systems Inc. has updated its Constrained Quadratic Model (CQM) hybrid solver within the Leap™ quantum cloud service, introducing support for continuous variables in constrained quadratic optimization problems. This advancement allows businesses to tackle complex challenges in various sectors, including logistics and pharmaceuticals, enhancing operational efficiency. The new CQM solver promises significant reductions in computational waste and expands its application scope. This update positions D-Wave as a frontrunner in quantum solutions, aiming to deliver immediate business value to customers.

D-Wave Systems has launched its first Advantage™ quantum computer at the USC-Lockheed Martin Quantum Computing Center, enhancing accessibility for U.S. clients via the Leap™ quantum cloud service. This system features over 5000 qubits and a new performance update, making it suitable for real-time optimization tasks. Accessible through Amazon Braket, it expands D-Wave's offerings to AWS users. The collaboration with USC and Lockheed Martin underscores a commitment to advancing quantum computing for practical applications across various industries.

DPCM Capital (NYSE: XPOA) has filed a registration statement on Form S-4 with the SEC for its business combination with D-Wave Systems Inc. This transaction marks a significant milestone as D-Wave reported over 100% growth in its Forbes Global 2000 customer base, predominantly in sectors like finance and pharmaceuticals. D-Wave is recognized for its unique dual-product approach in quantum computing, combining annealing and gate-model technologies, and a diversified revenue stream. Completion is expected in Q2 2022, subject to regulatory approvals and shareholder consent.

CaixaBank, the leading financial group in Spain, has pioneered the use of quantum computing for investment portfolio hedging calculations in the insurance sector. This innovative application has reduced the time-to-solution by up to 90%, significantly enhancing investment portfolio optimization and minimizing capital required for hedging operations. Leveraging D-Wave Systems Inc.'s technology, CaixaBank's VidaCaixa has optimized its bond portfolio's internal rate of return (IRR) by 10%. The bank plans to scale this application across its organization.