STOCK TITAN
  1. Home
  2. Sec-filings
  3. QBTS
  4. [8-K] D-Wave Quantum Inc. Reports Material Event

D-Wave Quantum (NYSE: QBTS) updates Q1 2026 Form 10-Q share count

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

D-Wave Quantum Inc. filed an update to clarify the share count disclosed in its recent quarterly report. The Form 10-Q cover page for the quarter ended March 31, 2026 mistakenly showed 366,737,601 common shares outstanding as of May 11, 2026. The correct number of common shares outstanding as of that date was 367,269,074. Both figures explicitly exclude 3,176,096 exchangeable shares that were also outstanding as of May 11, 2026.

Positive

  • None.

Negative

  • None.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Incorrect common shares 366,737,601 shares Common stock outstanding stated on Form 10-Q cover page as of May 11, 2026
Correct common shares 367,269,074 shares Actual common stock outstanding as of May 11, 2026
Exchangeable shares 3,176,096 shares Exchangeable shares outstanding as of May 11, 2026, excluded from common share count
Form 10-Q regulatory
"On May 12, 2026, D-Wave Quantum Inc. ... filed its Form 10-Q for the quarter ended March 31, 2026"
A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.
exchangeable shares financial
"Both the original and corrected number of shares ... exclude 3,176,096 exchangeable shares outstanding as of May 11, 2026"
Exchangeable shares are stock-like securities that the holder can swap for shares of a different company or a different class of shares, usually according to a preset ratio and time conditions. Think of them like a coupon that can be redeemed for another product: their value and future supply depend on the underlying shares they convert into, so investors care because conversion can change ownership stakes, affect share supply and price, and shift potential returns or voting power.
Item 8.01 Other Events regulatory
"Item 8.01 Other Events. On May 12, 2026, D-Wave Quantum Inc. ..."
common stock financial
"shares of the Company’s common stock, par value $0.0001 per share"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Understanding 8-K Material Events →
0001907982FALSE00019079822026-05-122026-05-12

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________________________
FORM 8-K
_____________________________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 12, 2026
_____________________________________________________________
D-Wave Quantum Inc.
(Exact Name of Registrant as Specified in Its Charter)
_____________________________________________________________
Delaware001-4146888-1068854
(State or other jurisdiction of incorporation or organization)(Commission File Number)(I.R.S. Employer Identification No.)
2650 East Bayshore Road
Palo Alto, California
94303
(Address of principal executive offices)
(650) 285-2881
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
_____________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.0001 per shareQBTSNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o



Item 8.01 Other Events.
On May 12, 2026, D-Wave Quantum Inc. (the “Company”) filed its Form 10-Q for the quarter ended March 31, 2026 (the “Form 10-Q”). The cover page of the Form 10-Q incorrectly indicated that there were 366,737,601 outstanding shares of the Company’s common stock, par value $0.0001 per share ("Common Stock") as of May 11, 2026. The correct number of shares of Common Stock outstanding as of May 11, 2026 was 367,269,074. Both the original and corrected number of shares of Common Stock outstanding exclude 3,176,096 exchangeable shares outstanding as of May 11, 2026.






SIGNATURES
           Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 12, 2026
D-Wave Quantum Inc.
By:/s/ Alan Baratz
Name:Alan Baratz
Title:President & Chief Executive Officer

Source: View Original Filing on SEC EDGAR

FAQ

What did D-Wave Quantum Inc. (QBTS) disclose in this 8-K filing?

D-Wave Quantum Inc. disclosed a correction to the common share count on its Form 10-Q cover page. The filing clarifies the accurate number of shares outstanding as of May 11, 2026 and confirms how many exchangeable shares were excluded from that total.

What is the correct number of D-Wave Quantum (QBTS) common shares outstanding?

The correct number of D-Wave Quantum common shares outstanding as of May 11, 2026 was 367,269,074. The company reported that an earlier Form 10-Q cover page incorrectly listed 366,737,601 shares, and this 8-K formally updates that figure for accuracy.

What error did D-Wave Quantum (QBTS) correct from its Form 10-Q?

D-Wave Quantum corrected the common share count shown on the Form 10-Q cover page. It had stated 366,737,601 shares outstanding as of May 11, 2026, but the accurate number was 367,269,074, prompting this separate disclosure to ensure precise reporting.

How many exchangeable shares does D-Wave Quantum (QBTS) have outstanding?

D-Wave Quantum reported 3,176,096 exchangeable shares outstanding as of May 11, 2026. Both the incorrect and corrected common share counts explicitly excluded these exchangeable shares, so they are not part of the 367,269,074 common shares outstanding number.

Does the D-Wave Quantum (QBTS) correction affect only the Form 10-Q cover page?

The correction applies specifically to the share count shown on the Form 10-Q cover page. The 8-K states that the number of common shares outstanding as of May 11, 2026 was misstated there and provides the correct figure, improving the accuracy of reported capital data.

Filing Exhibits & Attachments

3 documents

Other Documents