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HOBOKEN, N.J. - Quantum Computing Inc. (NASDAQ:QUBT) announced Monday it has secured $750 million in an oversubscribed private placement of common stock with institutional investors, primarily led by its largest existing shareholders. The announcement comes as the company’s stock has shown remarkable momentum, with InvestingPro data showing a 30.61% return in the past week and an extraordinary 3,420% gain over the last year.
The company will issue approximately 37.2 million shares of common stock in the transaction, which is priced at market under Nasdaq rules. The placement is expected to close around October 8, subject to customary closing conditions. According to InvestingPro analysis, QUBT maintains strong financial health with a current ratio of 88.17, indicating robust liquidity, and holds more cash than debt on its balance sheet.
Following the completion of this financing, Quantum Computing Inc. expects its pro-forma cash position to reach approximately $1.55 billion. According to the company, the total capital raised since November 2024 now stands at $1.64 billion. With a current market capitalization of $4.6 billion and significant price momentum, investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks including QUBT.
The integrated photonics and quantum optics technology company plans to use the proceeds to fund commercialization efforts, pursue strategic acquisitions, establish volume production capabilities, expand its workforce, and for general corporate purposes.
"Our focus now shifts to expedite the transition from a quantum technology innovation company to a leading quantum hardware manufacturer," said Dr. Yuping Huang, CEO and Chairman of QCi, in a statement released with the announcement.
Titan Partners Group, a division of American Capital Partners, is serving 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 cannot be offered or sold in the United States without registration or an applicable exemption. The company has agreed to file a resale registration statement with the SEC for the shares issued in the placement.
This article is based on information provided in a press release from Quantum Computing Inc.
In other recent news, Quantum Computing Inc. has completed a $500 million private placement, raising funds through the sale of 26.87 million shares of common stock. This transaction has increased the company’s total cash position to approximately $850 million. The offering was oversubscribed and included participation from several large existing shareholders and a global alternative asset manager. Despite this financial boost, Quantum Computing Inc. reported disappointing Q2 2025 earnings, with an EPS of -$0.26, missing the forecast of -$0.06. Revenue also fell short, coming in at $61,000 against an anticipated $100,000. Additionally, Lake Street Capital Markets initiated coverage on Quantum Computing Inc. with a Buy rating, setting a price target of $24.00. The firm highlighted the company as a promising opportunity in the growing quantum computing market. These developments reflect a mix of financial challenges and potential growth opportunities for Quantum Computing Inc.
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