[8-K] D-Wave Quantum Inc. Reports Material Event

Rhea-AI Filing Summary

D-Wave Quantum Inc. (QBTS) announced a €10M contract tied to Italy’s Q-Alliance initiative, supporting a planned quantum computing and research facility in Lombardy. The agreement covers acquisition of 50% capacity of an Advantage2 annealing quantum computer for five years, with an option to purchase the full system. The company is also hosting seminars in Italy to advance annealing quantum computing awareness among universities, with initial workshops at the Università dell’Insubria and the Università della Svizzera Italiana.

The disclosure was made under Regulation FD, and a related press release was furnished as an exhibit. The effort aims to make the Advantage2 system accessible to Italy’s scientific community, academia, and industry as part of the government’s digital and quantum technology framework.

Insights

Quantum industry & contracts analyst

Administrative 8-K discloses a €10M Advantage2 contract and outreach in Italy.

D-Wave details a €10M contract linked to the Q-Alliance to support a Lombardy quantum facility. The agreement includes 50% system capacity for five years with an option to purchase the full Advantage2 system. This suggests a defined multi-year access commitment centered on annealing compute.

The filing frames the news under Regulation FD with a furnished press release, indicating informational disclosure rather than a comprehensive financial update. Specific revenue recognition, delivery milestones, and payment schedules are not included in the excerpt, so commercial pacing cannot be inferred from this text alone.

Seminars began at Università dell’Insubria and Università della Svizzera Italiana, aiming to build regional expertise. Subsequent filings may provide details on implementation steps or additional agreements tied to the Q-Alliance.

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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): October 22, 2025

_____________________________________________________________

D-Wave Quantum Inc.

(Exact Name of Registrant as Specified in Its Charter)

_____________________________________________________________

Delaware			001-41468			88-1068854
(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)

(604) 630-1428

(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:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-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 class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.0001 per share

QBTS

New York Stock Exchange

Warrants, each whole warrant exercisable for 1.4541326 shares of common stock at an exercise price of $11.50

QBTS.WT

New 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 x

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 7.01 Regulation FD Disclosure.

On October 22, 2025, D-Wave Quantum Inc. (“D-Wave”) announced it is hosting a series of seminars in Italy starting this week, aimed at advancing annealing quantum computing awareness and adoption among leading universities in the region as part of the Q-Alliance. Revealed at last week’s Digital Innovation Forum in Como, Italy, the Q-Alliance has been created to support the Italian government’s strategic framework for digital and quantum technologies.

A core objective of the Q-Alliance is the development of a state-of-the-art quantum computing and research facility in Lombardy, Italy. In support of that effort, D-Wave announced a €10M contract for a D-Wave Advantage2TM annealing quantum computer in the region, ensuring accessibility for Italy’s scientific community, academia, and industry. In partnership with the Italian government and the Q-Alliance, the agreement includes acquisition of 50% capacity of an Advantage2 system for five years with the option to purchase the full system.

With the initial workshops held at the Università dell’Insubria and the Università della Svizzera Italiana, the seminars are designed to accelerate education and awareness of quantum computing among Italy’s growing ecosystem of young researchers through scholarships, internships, and training programs. A copy of the press release is attached as Exhibit 99.1.

The information in this Item 7.01 to this Current Report on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
99.1						Press release, dated October 22, 2025.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

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: October 22, 2025			D-Wave Quantum Inc.
			By:			/s/ Alan Baratz
			Name:			Alan Baratz
			Title:			President & Chief Executive Officer

FAQ

What did D-Wave (QBTS) announce in this 8-K?

D-Wave disclosed a €10M contract tied to Italy’s Q-Alliance and seminars to promote annealing quantum computing among universities.

What does the €10M agreement include for QBTS?

The agreement includes 50% capacity of an Advantage2 system for five years with an option to purchase the full system.

Where will the quantum facility supported by Q-Alliance be located?

A core objective is a state-of-the-art quantum computing and research facility in Lombardy, Italy.

Which universities hosted the initial D-Wave seminars in Italy?

Initial workshops were held at Università dell’Insubria and Università della Svizzera Italiana.

Is the press release part of the filing record?

Yes. The press release dated October 22, 2025 was furnished as Exhibit 99.1 under Regulation FD.

What trading symbols does D-Wave use?

Common stock trades as QBTS; public warrants trade as QBTS.WT on the NYSE.