IonQ, Inc. (NYSE: IONQ), a commercial quantum computing and networking company, has announced the pricing of a $1.0 billion equity offering. The offering involves the sale of common stock and pre-funded warrants to purchase common stock, along with seven-year warrants for additional shares. The gross proceeds from the sale of securities totaled approximately $999,999,994.85. After deducting an underwriting discount of $19,999,999.90, IonQ received net proceeds of approximately $979,999,994.95. The securities will be purchased by Heights Capital Management, Inc., and this transaction is expected to bring IonQ’s pro-forma cash balance to approximately $1.68 billion as of March 31, 2025.
The offering consists of 14,165,708 shares of common stock priced at $55.49 per share, and 3,855,557 pre-funded warrants also at $55.49 per pre-funded warrant, with an exercise price of $0.0001 per share. Additionally, 36,042,530 seven-year warrants were included for no additional consideration, with an exercise price of $99.88 per share. The price per common share and pre-funded warrant represents a premium of approximately 25% to IonQ’s closing stock price on July 3, 2025. J.P. Morgan acted as the sole underwriter for this transaction. A shelf registration statement relating to these securities has been filed with the Securities and Exchange Commission (SEC).
IonQ intends to primarily use the proceeds from this financing for strategic acquisitions and general corporate purposes, including additional working capital and capital expenditures. This significant institutional investment is intended to support IonQ’s expanded cash position for executing its global quantum computing and networking strategy. The funding is expected to support the company’s efforts in commercializing quantum technologies and advancing its technological roadmap.
Read the full announcement here, and the SEC Prospectus Supplement here.
July 8, 2025
