IonQ, a leader in quantum computing and quantum networking, 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 in trapped-ion quantum computing. The raised capital will also bolster IonQ’s efforts in quantum networking, positioning the company for sustained growth and innovation in the quantum industry.
IonQ’s decision to terminate the ATM Program reflects its confidence in its financial position. The company also noted that its executives and directors do not plan to sell shares during the current trading window, except for Executive Chair Peter Chapman, who may sell a portion of his vested equity to address personal financial obligations. This move underscores IonQ’s strategic focus on long-term growth and stability in the rapidly evolving quantum technology sector.
For more details, visit IonQ’s announcement here.
March 12, 2025
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