Oracle stock falls after report reveals thin margins in AI cloud business
HOBOKEN, N.J. - Quantum Computing Inc. (NASDAQ:QUBT) announced Wednesday it has closed an oversubscribed private placement, raising $500 million through the sale of 26.87 million shares of common stock priced at market under Nasdaq rules. The company, currently valued at $3.38 billion, has seen its stock surge over 3,000% in the past year, according to InvestingPro data.
Following the transaction, the company’s total cash position stands at approximately $850 million. The offering was supported by several large existing shareholders alongside an initial investment from a global alternative asset manager, according to a press release statement. InvestingPro analysis shows QUBT maintains a strong balance sheet with more cash than debt and an impressive current ratio of 88.17, indicating robust liquidity.
QCi plans to use the proceeds to accelerate commercialization efforts, pursue strategic acquisitions, expand sales and engineering personnel, and for working capital and general corporate purposes.
"This successful $500 million offering was priced at a significant premium compared to our four recent offerings," said Dr. Yuping Huang, CEO and Chairman of QCi. Huang noted that the company has raised approximately $900 million in gross proceeds since November 2024.
Titan Partners Group, a division of American Capital Partners, served as the sole placement agent for the offering.
The securities issued in the private placement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption. The company has agreed to file a resale registration statement with the SEC.
QCi describes itself as an integrated photonics and quantum optics technology company that provides quantum machines and foundry services for photonic chips based on thin-film lithium niobate. The company’s products are designed to operate at room temperature and low power. While currently trading above its Fair Value, QUBT shows strong momentum with significant returns across multiple timeframes, as revealed by comprehensive analysis available in the Pro Research Report on InvestingPro.
In other recent news, Quantum Computing Inc. reported its Q2 2025 earnings, which revealed a larger-than-expected loss. The company’s earnings per share (EPS) came in at -$0.26, missing the forecast of -$0.06. Revenue also fell short, reaching only $61,000 compared to the anticipated $100,000. Additionally, Quantum Computing Inc. announced it has secured $500 million through a private placement of common stock with institutional investors. The company plans to sell 26,867,276 shares in this oversubscribed offering, which is priced at market under Nasdaq rules. The transaction is expected to close around September 24, subject to customary closing conditions. In a separate development, Lake Street Capital Markets initiated coverage on Quantum Computing Inc. with a Buy rating and a price target of $24.00. The research firm described the company as a compelling opportunity in the rapidly growing quantum computing market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.