Street Calls of the Week
Investing.com -- IonQ (NYSE:IONQ) stock is down 2.5% in premarket trading Friday after the quantum computing company announced the pricing of a $2 billion equity offering.
The offering consists of 16.5 million shares of common stock and pre-funded warrants to purchase 5,005,400 shares, each priced at $93 per share or warrant. The price represents a 20% premium to IonQ’s closing stock price on October 9, 2025. The deal also includes seven-year warrants to purchase an additional 43,010,800 shares at $155 per share, a 100% premium to the October 9 closing price.
The securities will be purchased from the underwriter by an entity managed by Heights Capital Management, Inc. J.P. Morgan acted as the sole underwriter for the transaction.
"This investment provides an opportunity for the IonQ team to continue to grow and expand our ecosystem," said Niccolo de Masi, Chairman and CEO of IonQ. "IonQ is one of the only quantum companies in the world capable of delivering advanced computing, networking, and sensing solutions across every theatre – on the ground, in the air, and in space."
De Masi added that the investment, which the company claims is the largest common-stock single-institutional investment in the history of the quantum industry, will facilitate global growth and accelerate quantum commercialization worldwide.
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