PALO ALTO, Calif.--(BUSINESS WIRE)--Dec 12, 2024--
D-Wave Quantum Inc. (NYSE: QBTS) ("D-Wave" or the "Company"), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, today announced that it has successfully completed sales of $175 million in gross proceeds of its common stock pursuant to its previously disclosed $100 million and $75 million "at-the-market" equity offering programs (the "ATM Programs"). The $75 million ATM Program, implemented on Monday, December 9 th, was completed at an average price per share of $4.8149. Over that same three-day period, D-Wave stock traded at a Volume Weighted Average Price ("VWAP") of $4.6625 (per Bloomberg). The Company expects to end the current fiscal 2024 fourth quarter with at least $160 million in cash. The funds were used, and will continue to be used, for working capital and capital expenditures in support of D-Wave's ongoing technical development efforts and business operations.
kAm"(6 36=:6G6 E92E 2??62=:?8 BF2?EF> 4@>AFE:?8 :D D6CG:?8 2D 2? :>A@CE2?E 42E2=JDE 7@C E96 :?4C62D:?8 4@>>6C4:2= 25@AE:@? @7 BF2?EF>[" D2:5 sC] p=2? q2C2EK[ rt~ @7 s\(2G6] "~FC d[___ BF3:E p5G2?E286™ BF2?EF> 4@>AFE6C[ E96 =2C86DE BF2?EF> 4@>AFE6C :? E96 H@C=5[ :D 96=A:?8 E@ 5C:G6 E9:D 25@AE:@?[ 2D 3FD:?6DD6D[ C6D62C496CD[ 2?5 8@G6C?>6?ED C64@8?:K6 E96 ?62C\E6C> G2=F6 H6 42? 56=:G6C] (6 36=:6G6 E9:D 7F?5:?8 DF3DE2?E:2==J :>AC@G6D E96 4@>A2?J'D 7:?2?4:2= DEC6?8E9[ A@D:E:@?:?8 s\(2G6 7@C E96 7FEFC6 2?5 6?23=:?8 FD E@ 7F==J 6I64FE6 282:?DE @FC AC@5F4E 2?5 8@\E@\>2C<6E DEC2E68:6D 2?5 C@25>2AD]"k^Am kAmk6>mp3@FE s\(2G6 "F2?EF> x?4]k^6>mk^AmkAms\(2G6 :D 2 =6256C :? E96 56G6=@A>6?E 2?5 56=:G6CJ @7 BF2?EF> 4@>AFE:?8 DJDE6>D[ D@7EH2C6[ 2?5 D6CG:46D[ 2?5 :D E96 H@C=5'D 7:CDE 4@>>6C4:2= DFAA=:6C @7 BF2?EF> 4@>AFE6CD -- 2?5 E96 @?=J 4@>A2?J 3F:=5:?8 3@E9 2??62=:?8 BF2?EF> 4@>AFE6CD 2?5 82E6\>@56= BF2?EF> 4@>AFE6CD] ~FC >:DD:@? :D E@ F?=@4< E96 A@H6C @7 BF2?EF> 4@>AFE:?8 E@52J E@ 36?67:E 3FD:?6DD 2?5 D@4:6EJ] (6 5@ E9:D 3J 56=:G6C:?8 4FDE@>6C G2=F6 H:E9 AC24E:42= BF2?EF> 2AA=:42E:@?D 7@C AC@3=6>D 2D 5:G6CD6 2D =@8:DE:4D[ 2CE:7:4:2= :?E6==:86?46[ >2E6C:2=D D4:6?46D[ 5CF8 5:D4@G6CJ[ D4965F=:?8[ 4J36CD64FC:EJ[ 72F=E 56E64E:@?[ 2?5 7:?2?4:2= >@56=:?8] s\(2G6'D E649?@=@8J 92D 366? FD65 3J D@>6 @7 E96 H@C=5'D >@DE 25G2?465 @C82?:K2E:@?D :?4=F5:?8 |2DE6C42C5[ s6=@:EE6[ s2G:5D@? %649?@=@8:6D[ pC46=@C|:EE2=[ $:6>6?D w62=E9:?66CD[ &?:DJD[ }tr r@CA@C2E:@?[ !2EE:D@? u@@5 vC@FA {E5][ st}$~[ {@4<9665 |2CE:?[ u@CD49F?8DK6?ECF> yü=:49[ &?:G6CD:EJ @7 $@FE96C? r2=:7@C?:2[ 2?5 {@D p=2>@D }2E:@?2= {23@C2E@CJ]k^AmkAmk6>mu@CH2C5\{@@<:?8 $E2E6>6?EDk^6>mk^AmkAmr6CE2:? DE2E6>6?ED :? E9:D AC6DD C6=62D6 2C6 7@CH2C5\=@@<:?8[ 2D 567:?65 :? E96 !C:G2E6 $64FC:E:6D {:E:82E:@? #67@C> p4E @7 'hhd] %96D6 DE2E6>6?ED :?G@=G6 C:D<D[ F?46CE2:?E:6D[ 2?5 @E96C 724E@CD E92E >2J 42FD6 24EF2= C6DF=ED E@ 5:776C >2E6C:2==J 7C@> E96 :?7@C>2E:@? 6IAC6DD65 @C :>A=:65 3J E96D6 7@CH2C5\=@@<:?8 DE2E6>6?ED 2?5 >2J ?@E 36 :?5:42E:G6 @7 7FEFC6 C6DF=ED] %96D6 7@CH2C5\=@@<:?8 DE2E6>6?ED 2C6 DF3;64E E@ 2 ?F>36C @7 C:D<D 2?5 F?46CE2:?E:6D[ :?4=F5:?8[ 2>@?8 @E96CD[ G2C:@FD 724E@CD 36J@?5 >2?286>6?E'D 4@?EC@=[ :?4=F5:?8 E96 C:D<D D6E 7@CE9 F?56C E96 9625:?8 "#:D< u24E@CD" 5:D4FDD65 F?56C E96 42AE:@? "xE6> 'p] #:D< u24E@CD" :? !2CE x @7 @FC >@DE C646?E p??F2= #6A@CE @? u@C> '_\z @C 2?J FA52E6D 5:D4FDD65 F?56C E96 42AE:@? "xE6> 'p] #:D< u24E@CD" :? !2CE xx @7 @FC "F2CE6C=J #6A@CED @? u@C> '_\" 2?5 :? @FC @E96C 7:=:?8D H:E9 E96 $tr] &?5F6 C6=:2?46 D9@F=5 ?@E 36 A=2465 @? E96 7@CH2C5\=@@<:?8 DE2E6>6?ED :? E9:D AC6DD C6=62D6 :? >2<:?8 2? :?G6DE>6?E 564:D:@?[ H9:49 2C6 32D65 @? :?7@C>2E:@? 2G2:=23=6 E@ FD @? E96 52E6 96C6@7] (6 F?56CE2<6 ?@ 5FEJ E@ FA52E6 E9:D :?7@C>2E:@? F?=6DD C6BF:C65 3J =2H]k^AmkAm':6H D@FC46 G6CD:@? @? k2 9C67lQ9EEAi^^3FD:?6DDH:C6]4@>Qm3FD:?6DDH:C6]4@>k^2mik2 9C67lQ9EEADi^^HHH]3FD:?6DDH:C6]4@>^?6HD^9@>6^a_ac'a'aefdaff^6?^Q C6=lQ?@7@==@HQm9EEADi^^HHH]3FD:?6DDH:C6]4@>^?6HD^9@>6^a_ac'a'aefdaff^6?^k^2mk^AmkAmr~}%pr%i |65:2 r@?E24Eik^Am kAms\(2G6k^AmkAmp=6I s2:8=6k^AmkAmk2 9C67lQ>2:=E@i>65:2o5H2G6DJD]4@>Qm>65:2o5H2G6DJD]4@>k^2mk^AmkAmzt*(~#si rp{xu~#}xp &}x%ts $%p%t$ }~#%w p|t#xrpk^AmkAmx}s&$%#* zt*(~#si wp#s(p#t ~%wt# %trw}~{~v* p!!$^p!!{xrp%x~}$ %trw}~{~v* $~u%(p#tk^AmkAm$~&#rti s\(2G6 "F2?EF> x?4]k^AmkAmr@AJC:89E qFD:?6DD (:C6 a_ac]k^AmkAm!&qi 'a^'a^a_ac _fi__ p|^sx$ri 'a^'a^a_ac _fi_' p|k^AmkAmk2 9C67lQ9EEAi^^HHH]3FD:?6DDH:C6]4@>^?6HD^9@>6^a_ac'a'aefdaff^6?Qm9EEAi^^HHH]3FD:?6DDH:C6]4@>^?6HD^9@>6^a_ac'a'aefdaff^6?k^2mk^Am