03:19 AM EDT, 10/06/2025 (MT Newswires) -- Quantum Computing ( QUBT ) said Sunday it has reached agreements with institutional investors for the purchase and sale of about 37.2 million shares through an oversubscribed private placement.

The company expects to generate about $750 million in gross proceeds from the offering, which is anticipated to close on or about Wednesday.

Quantum Computing ( QUBT ) aims to use the proceeds to fully fund commercialization, pursue strategic acquisitions, establish volume production capabilities, expand sales and engineering personnel, working capital and for general corporate purposes.