Stock Track | Quantum Computing Inc. Plunges 11.3% in Pre-market on $50M Share Offering Plans

Stock Track12-11

Shares of Quantum Computing Inc. (QUBT) plummeted 11.3% in pre-market trading on Wednesday, as the innovative photonics and quantum optics technology company announced plans to sell shares in a registered direct offering and a concurrent private placement.

The company has entered into agreements to sell approximately 1.5 million shares of common stock at $5 per share to institutional investors in a registered direct offering. Additionally, Quantum Computing agreed to sell an additional 8.5 million shares at the same price in a private placement. The total gross proceeds from the offerings are expected to be $50 million, with the closing anticipated on or about Thursday.

Quantum Computing stated that it plans to use the net proceeds from the share sale for working capital and general corporate purposes.

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Plunges 11.3% in Pre-market on $50M Share Offering Plans\n</h2>\n\n<h4 class=\"meta\">\n\n2024-12-11 22:34 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Quantum Computing Inc. 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