Quantum Computing Announces $100 Million Private Placement of Common Stock By Investing.com

Hoboken, New Jersey, January 7, 2025 /PRNewswire/ — Quantum Computing Corporation (NASDAQ:) (“QCi” or the “Company”) (Nasdaq: QUBT), an innovative and integrated photonics and quantum optics technology company, announced today that it has entered into securities purchase agreements with institutional investors to purchase and sell 8,163,266 shares of common stock in the private placement at the purchase price. $12.25 For each share. The offering is expected to generate gross proceeds 100 million dollarsbefore deducting the offering expenses. The offering is expected to close on or about January 9, 2025taking into account the fulfillment of the usual closing conditions.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. With the expected net proceeds, combined with existing cash reserves, the company expects to have sufficient resources to further develop and expand the development and manufacturing of photonics, thin-film lithium niobate (TFLN), and quantum technologies.

“This is successful 100 million dollars The offering is priced at a significant premium to our last two offerings, bringing the total capital raised since November to 190 million dollars“, said the master. Chris BoehmlerCFO of QCi. “These funds strengthen our financial position and enable us to execute on our multi-year growth plan, including investing in our long-term initiatives, thus capitalizing on significant opportunities in the photonic chip and quantum computing markets from TFLN.”

Titan Partners Group, a division of American Capital Partners (w:)acting as the sole underwriting agent for the offering.

The securities issued in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in US Absence of registration or applicable exemption from registration requirements. The company has agreed to file a resale registration statement with second For purposes of recording the resale of shares of common stock issued in connection with the private placement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Judicial like this.

For investor relations inquiries, contact John Nesbitt at qci@imsinvestorrelations.com, and for public relations inquiries, contact Jessica Tocco at jessica.tocco@a10associates.com.

on Quantum computing company

Quantum computing company (Nasdaq: QUBT) is an innovator and integrated quantum photonics and optics technology company providing accessible and affordable quantum machines to the world today. QCi products are designed to operate at room temperature, low power, and affordably. The company's portfolio of core technology and products provides unique capabilities in the areas of high-performance computing, artificial intelligence, cybersecurity, as well as remote sensing applications.

Forward-looking statements

This press release contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are generally identified by terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “intend,” “goal,” and “goal.” “, and “we seek”. “,” “attempt”, “intend to”, or any variations of these words or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. These statements include statements relating to and include statements relating to the expected closing of the offering and QCi's use of the net proceeds from the offering. Prospective investors are cautioned that any such forward-looking statements do not constitute guarantees of future performance and involve risks and uncertainties, including, without limitation, risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions relating to the offering, as well as risks and uncertainties inherent in the business of QCi, including the timing of the start of production at our TFLN manufacturing facility, the timing of the advancement of our HPC products, and the results of ongoing collaboration and demonstration projects with some we government agencies, and that actual results may differ materially from those projected in such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changing circumstances.