We reported earlier this month that D-Wave planned to sell shares in its common stock for an offering amount of up to $150 million. The company has now reported they have completed this sale at an average price per share of $6.10. This brings the company’s current cash balance to about $320 million and the company believes that this funding will allow the company to achieve sustained profitability and positive cash flow. The company believes that they are leading the commercialization of quantum computing with customer applications deployed in production and that they may become the first independent, publicly-held quantum computing company to achieve a level of sustained profitability. For more about the completion of this stock sale, visit the press release posted on the company’s website here.
January 23, 2025
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