TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Raises $400 Million Through Equity Offering
D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, has completed sales of $400 million in gross proceeds of its common stock under its previously disclosed "at-the-market" (“ATM”) equity offering program. The program, which ran from June 11 to June 27, closed at an average share price of $15.18. This represents a 149% premium over the $6.10 average share price for the sales under the company’s prior $150 million ATM program completed in January. The Company intends to use the proceeds from this financing primarily for…