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Investing.com -- IonQ, Inc. (NYSE:IONQ) stock rose 6% on Monday following the announcement of a $1.0 billion equity offering priced at a premium to the company’s recent share price.
The quantum computing firm priced the offering at $55.49 per share, representing approximately a 25% premium to IonQ’s closing stock price on July 3. The offering consists of 14,165,708 shares of common stock and pre-funded warrants to purchase 3,855,557 additional shares, along with seven-year warrants to purchase 36,042,530 shares at an exercise price of $99.88 per share.
Heights Capital Management, Inc. will purchase the securities from the underwriter, J.P. Morgan, which acted as the sole underwriter for the transaction. The significant investment comes as IonQ continues to expand its commercial quantum computing and networking operations.
"With this transaction, IonQ will benefit from a balance sheet of approximately $1.68 billion of pro-forma cash as of March 31, 2025, underwriting our sustained growth and pioneering quantum commercialization worldwide," said Niccolo de Masi, President and CEO of IonQ.
The company noted that this appears to be the largest common-stock single-institutional investment in the history of the quantum industry, which it described as validation of its technical momentum, recent acquisitions, intellectual property, and talent.
IonQ, based in College Park, Maryland, has positioned itself as a leading player in the emerging quantum computing market, with this capital raise potentially accelerating its development and commercialization efforts.
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