Quantum Computing Inc. (NASDAQ: QUBT) announced the closing of an oversubscribed private placement, raising $500 million through the sale of 26,867,276 shares of common stock priced at the market under Nasdaq rules. The Company plans to use proceeds to accelerate commercialization, pursue strategic acquisitions, expand sales and engineering teams, and strengthen working capital. CEO Dr. Yuping Huang said the financing, supported by top-tier institutional investors, brings total gross proceeds raised since November 2024 to about $900 million, significantly reinforcing the balance sheet and positioning QCi for multi-year growth. Titan Partners Group acted as sole placement agent.
To view the full press release, visit https://ibn.fm/XEbUD
About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines and foundry services for the production of photonic chips based on thin-film lithium niobate (TFLN). QCi’s products are designed to operate at room temperature and low power at an affordable cost. The Company’s portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.
For more information, visit https://quantumcomputinginc.com/
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