D Wave Quantum SEC Filings

D‑Wave Quantum Inc. (QBTS) furnished an update on a joint proof‑of‑concept with BASF showing a hybrid‑quantum application optimized manufacturing workflows at a BASF liquid‑filling facility. The technology set a new benchmark for efficiency by cutting production scheduling time from 10 hours to seconds.

The application was built to minimize setup time between products, speed tank offloading, and reduce tardiness versus due dates. In real‑world testing, it outperformed an existing solution across key metrics: lateness decreased by 14%, setup times fell 9%, and tank unloading durations shortened by up to 18%. D‑Wave views this as an important step toward deploying hybrid‑quantum applications in production for manufacturing and supply chain operations. The information was furnished under Item 7.01, along with a press release as Exhibit 99.1.

D‑Wave Quantum Inc. (QBTS) announced that its Advantage2 quantum computer is now operational at Davidson Technologies’ headquarters in Huntsville, Alabama. The system is intended to address mission‑critical U.S. government problems in areas such as radar detection, resource deployment, military logistics optimization, materials science, AI, and national security, and will eventually run sensitive applications.

This marks a major milestone in a multi‑year agreement and technology collaboration between D‑Wave and Davidson to accelerate quantum computing adoption among U.S. government agencies. The system is available for customer use now via D‑Wave’s Leap real‑time quantum cloud service. It is D‑Wave’s second U.S.-based annealing quantum computer and the first in Alabama, underscoring growing regional support for advanced technology tied to national defense.

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.

D-Wave Quantum Inc. announced it will redeem all outstanding public warrants at $0.01 per Warrant at 5:00 p.m. New York City time on November 19, 2025. As of October 17, 2025, approximately 5 million Warrants were outstanding. Holders may exercise until the deadline; unexercised Warrants will be void and paid the redemption price.

Each Warrant is exercisable for 1.4541326 shares of common stock for $11.50 per Warrant. If all Warrants are exercised, the company expects to issue approximately 7.2 million shares, resulting in less than 2.1% dilution. The redemption is permitted after the stock traded at or above $18.00 on at least twenty days within a thirty‑day period. The Warrants are expected to trade on the NYSE through November 17, 2025.

D‑Wave Quantum (QBTS) Form 4: EVP, Chief Legal Officer & GC Diane Nguyen reported a sale of Common Stock on 10/14/2025. The filing shows 20,827 shares sold at a weighted average price of $43.7434 to cover statutory tax withholding upon RSU vesting. The issuer mandates a “sell to cover” approach under its equity incentive plans, so this was not a discretionary trade.

Following the transaction, the reporting person beneficially owns 588,845 shares, which includes 230,863 unvested restricted stock units. The sales occurred in multiple trades between $43.65 and $44.06, and the ownership is held directly.

D-Wave Quantum Inc. (QBTS) reported an insider transaction by its Chief Financial Officer. On 10/14/2025, the CFO sold 7,994 shares of Common Stock at a weighted average price of $43.7434, with trades executed between $43.65 and $44.06. The filing states this was a mandated “sell to cover” to satisfy statutory tax withholding upon RSU vesting, not a discretionary trade.

Following the transaction, the officer beneficially owns 1,580,934 shares, which includes 764,065 unvested RSUs. Ownership is reported as direct.

D‑Wave Quantum (QBTS) insider transaction: President & CEO and Director Alan Baratz reported a sale of 31,369 shares of Common Stock on 10/14/2025 at a weighted average price of $43.7434. The filing states this was a mandated “sell to cover” to satisfy statutory tax withholding upon RSU vesting, not a discretionary trade. Following the transaction, he beneficially owned 2,801,265 shares, which includes 1,110,087 unvested RSUs. The reported sales occurred across prices ranging from $43.65 to $44.06.

D‑Wave Quantum (QBTS) announced an agreement with Swiss Quantum Technology SA to deploy an Advantage2 annealing quantum computer in Europe. The agreement represents a €10M quantum computing‑as‑a‑service commitment over approximately five years, with an option for SQT to purchase the system.

The Advantage2 system, featuring a 4,400+ qubit processor, will be accessible to customers via D‑Wave’s Leap real‑time quantum cloud service. The placement supports Italy’s newly formed Q‑Alliance initiative aimed at advancing national digital transformation. Company leadership highlighted the system’s capability to tackle complex problems and its energy‑efficient design. The disclosure was furnished under Regulation FD, and a press release is included as Exhibit 99.1.