Quantum Computing (QUBT) said it has entered into agreements to sell about 1.5 million shares of common stock at $5 per share to institutional investors in a registered direct offering.
The company also agreed to sell an additional about 8.5 million shares at the same price in a concurrent private placement.
Total gross proceeds from the offerings are expected to be $50 million, with closing anticipated on or about Thursday.
The company said it plans to use the net proceeds for working capital and general corporate purposes.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments