Quantum Computing Inc. (QCi) announced on June 24, 2025, the closing of its previously announced securities purchase agreements with institutional investors. The private placement involved the purchase and sale of 14,035,089 shares of common stock at a price of $14.25 per share, resulting in proceeds of $200 million before deducting expenses.
Interim CEO Dr. Yuping Huang stated that the strong interest and support from major institutional investors reflect growing confidence in QCi's strategy, market potential, and differentiated technology platform. This capital raise provides additional financial resources to fund the product roadmap and accelerate commercialization.
CFO Chris Roberts stated that following the successful close of this offering, QCi now has over $350 million in cash and cash equivalents and no debt. The company intends to use the net proceeds to accelerate commercialization efforts, pursue strategic acquisitions, and fund working capital and general corporate purposes for its quantum machines and thin-film lithium niobate foundry services.
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