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Investing.com -- Quantum Computing Inc. (NASDAQ:QUBT) stock fell 10% on Monday after the company announced a private placement of common stock that will raise $200 million in gross proceeds.
The integrated photonics and quantum optics technology company said it has entered into securities purchase agreements with institutional investors for 14,035,089 shares of common stock at a purchase price of $14.25 per share. The offering is expected to close on or about June 24, 2025, subject to customary closing conditions.
Quantum Computing plans to use the net proceeds to accelerate commercialization efforts, pursue strategic acquisitions, and for working capital and general corporate purposes. Titan Partners Group, a division of American Capital Partners (WA:CPAP), is acting 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 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.
The stock’s decline suggests investors may be concerned about potential dilution from the additional shares being issued, despite the capital infusion that could support the company’s growth initiatives.
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