IonQ Raises $372 Million Through At-the-Market Equity Offering
Mohamed Abdel-Kareem2025-03-12T19:28:08-07:00IonQ, a company specializing in trapped-ion quantum computing, has raised approximately $372.6 million through its at-the-market (ATM) equity offering program, netting $360 million in proceeds. The company sold 16,038,460 shares of common stock, bringing its pro forma year-end cash balance to over $700 million. Following the completion of the offering, IonQ has terminated the ATM Program, citing sufficient capital to meet its anticipated needs and recent market conditions. The funds will support IonQ’s ongoing development of quantum computing systems, including its IonQ Forte and IonQ Forte Enterprise platforms, which feature 36 algorithmic qubits. These systems are designed to address complex commercial and research use cases, leveraging IonQ’s expertise [...]