Quantum Computing Inc. to Acquire Quantum Photonic Startup QPhoton
dougfinke2022-05-25T10:27:45-07:00In another pairing between hardware and software companies, Quantum Computing Inc. (QCI) has reached an agreement to acquire quantum photonic startup QPhoton. QPhoton is a spinout of research by Dr. Yuping Huang from the Stevens Institute of Technology and will operate as a subsidiary of QCI. The two companies had previously announced a partnership in February to jointly sell and market quantum and phonic products and had indicated at that time that an acquisition may occur. The acquisition will be paid for by a mixture of common stock, preferred stock, and warrants and will represent in total approximately 49% of the [...]