Quantum Computing Inc. (QUBT) announced today that it has entered into a securities purchase agreement with institutional investors for the sale of 37,183,937 shares of common stock in an oversubscribed private placement priced at the market under Nasdaq rules. The offering is expected to generate gross proceeds of $750 million, before deducting offering expenses, and is slated to close on or about October 8, 2025.
The company said the net proceeds will be used to fully fund commercialization of its quantum and photonic technologies, pursue strategic acquisitions, establish volume production capabilities, expand sales and engineering personnel, and provide working capital and general corporate purposes. Titan Partners Group is acting as the sole placement agent for the transaction.
Since November 2024, QUBT has raised a total of $1.64 billion, giving it the strongest balance sheet among publicly traded quantum computing companies. CEO and Chairman Dr. Yuping Huang stated that the capital raise positions the company to execute its business plan through 2028 and to transition from a technology innovator to a leading quantum hardware manufacturer.
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