Quantum Computing Inc. (QCi) (Nasdaq: QUBT) has entered into securities purchase agreements with institutional investors for a private placement of 14,035,089 shares of common stock at a price of $14.25 per share, aiming to raise gross proceeds of $200 million. The offering, with Titan Partners Group acting as the sole placement agent, is expected to close around June 24, 2025, subject to standard closing conditions. This capital raise is anticipated to increase QCi’s total cash position to over $350 million.
The funding will be strategically deployed to accelerate QCi’s commercialization initiatives for its integrated photonics and quantum optics technologies. The company also plans to allocate proceeds toward strategic acquisitions, augment its working capital, and address general corporate purposes. QCi specializes in developing accessible, affordable, and room-temperature quantum machines applicable to high-performance computing, artificial intelligence, cybersecurity, and remote sensing.
This significant capital infusion is crucial for QCi as it seeks to expand the market presence of its quantum machines, which are designed for practical, low-power operation. The ability to secure substantial investment from institutional investors underscores confidence in QCi’s technology and its potential to deliver quantum solutions. The increased financial flexibility will allow QCi to scale its operations and explore new opportunities, contributing to the broader adoption of quantum technologies.
Read the full announcement here.
June 23, 2025
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