Quantum Computing Inc SEC Filings

Quantum Computing Inc. entered into a Stock Purchase Agreement to acquire all of the issued and outstanding shares of Luminar Semiconductor, Inc. from Luminar Technologies, Inc. for a cash purchase price of $110.0 million. The company will place 10% of the purchase price in escrow, which can be returned to Quantum Computing if certain trigger events, including termination of the agreement, occur, and after closing it is intended to cover limited indemnification obligations for twelve months.

The seller and certain subsidiaries have filed voluntary Chapter 11 cases, and Quantum Computing will serve as the “stalking horse” bidder in a Bankruptcy Court–supervised Section 363 sale process. The deal is subject to higher or better offers at auction, Bankruptcy Court approval, and customary closing conditions, and the agreement may be terminated if not completed by March 31, 2026 or if the seller proceeds with a competing transaction. If the target is sold to another bidder, Quantum Computing may receive a break-up fee equal to 3% of the purchase price plus capped expense reimbursement.

Quantum Computing Inc. (QUBT) reported Q3 2025 results showing modest revenue but a swing to profit driven by non‑cash items and interest income. Revenue was $384 thousand versus $101 thousand a year ago, with gross profit of $126 thousand and a loss from operations of $10.4 million as R&D and G&A spending increased to support product development.

Below the line, the company recorded $3.5 million of interest and other income and a $9.2 million gain from the change in fair value of a derivative liability, producing net income of $2.382 million for the quarter. Year to date, revenue was $484 thousand and net loss was $17.1 million.

Liquidity improved dramatically in 2025 through equity financings. During the nine months ended September 30, the company issued 49.1 million shares for net proceeds of $756.5 million, contributing to $555.6 million in cash and short‑term investments as of September 30, 2025, plus $257.5 million in long‑term investments. Total assets were $898.2 million, with working capital of $559.2 million and a reduced derivative liability of $14.7 million. Subsequent to quarter‑end, the company closed an additional private placement for approximately $750 million.

The filing excerpts list several selling stockholder positions and related figures, including a line showing 2,938,220 shares and other share counts (for example 11,466,879, 10,331,313, 6,405,120). It also discloses specific offering-related expenses: Accounting fees $10,000.00, Legal fees $75,000.00, Transfer agent and registrar fees $1,500.00, and Printing expenses $15,000.00. The excerpt names several individuals and entities tied to the company and selling holders, including Funicular Funds, LP, Cable Car Capital, LP, Regal Funds Management Pty Ltd. and board members such as Dr. Yuping Huang and Christopher Roberts.

Quantum Computing Inc. (QUBT) filed an S-3ASR prospectus containing standard risk disclosures, proposed resale methods for securities, a schedule of offering expenses and a list of recent SEC reports. The filing lists multiple blocks of outstanding shares with associated percentages including 5,803,331 (3.11%), 6,716,819 (3.59%), 5,373,455 (2.88%), 4,030,092 (2.16%), 2,686,727 (1.44%) and 913,488 (*). Permitted sale methods include ordinary brokerage, block trades, principal purchases and privately negotiated transactions. Estimated offering-related expenses shown are Accounting $10,000, Legal $75,000, Transfer agent $1,500, and Printing $15,000. The prospectus references the company’s Annual Report filed March 20, 2025 and Quarterly Reports filed May 15, 2025 and August 14, 2025, plus multiple Current Reports filed on specific 2025 dates. Named individuals include Dr. Yuping Huang, Christopher Roberts, Michael Turmelle, Robert Fagenson, Dr. Carl Weimer, Dr. Javad Shabani and Eric M. Schwartz.

Yuping Huang, who serves as Director and is identified as a 10% owner and CEO/President of Quantum Computing Inc. (QUBT), reported a transaction dated 09/12/2025. The Form 4 shows a gift (transaction code G(1)) of 400,000 shares of common stock to a charitable trust at a reported price of $0. After the transaction, the reporting person beneficially owned 20,887,718 shares (reported as direct ownership). The form is signed by Yuping Huang on 09/17/2025. No derivative securities are reported and no other transactions are listed.

Robert B. Fagenson, a director of Quantum Computing Inc. (QUBT), reported multiple open-market sales of the company's common stock in a Form 4 filed September 17, 2025. The filings show a sequence of sales on September 9, 10, 11, 12 and 15, 2025 at prices ranging from $15.0199 to $16.882 per share. In total, the reporting person or an entity he manages sold 100,000 shares, and the reported beneficial ownership after the final reported transaction on September 15, 2025 is shown as 0 shares. The Form identifies the seller as Fagenson Fixed Income Partners, LLC, for which Mr. Fagenson is the managing member, and indicates the reporter files as an issuer director.

Quantum Computing Inc. director Javad Shabani exercised and sold company shares through August–September 2025. On 08/18/2025 Mr. Shabani exercised 40,000 non‑qualified stock options granted 05/10/2024 (exercise price $1.00) using a net cashless exercise at a $15.84 per‑share calculation, resulting in issuance of 37,474 shares. He sold 20,000 shares on 09/05/2025 at $15.30 and sold the remaining 17,474 shares on 09/08/2025 at $15.26, leaving 0 shares beneficially owned following the transactions.