Quantum Computing to Raise $50 Million in Common Stock Offerings-November 2024-www.financetom.com

Quantum Computing to Raise $50 Million in Common Stock Offerings

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Quantum Computing to Raise $50 Million in Common Stock Offerings

Dec 11, 2024 1:36 AM

The company also agreed to sell an additional about 8.5 million shares at the same price in a concurrent private placement.

Total gross proceeds from the offerings are expected to be $50 million, with closing anticipated on or about Thursday.

The company said it plans to use the net proceeds for working capital and general corporate purposes.

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