Reported 2 days ago
Shares of Quantum Computing Inc. (QCi) dropped 10.5% as the company announced a $750 million stock offering, raising concerns among investors regarding dilution and the lack of revenue, with the firm generating under $1 million annually. Despite the intention to use the funds for growth and strategic investments, the company faces skepticism given its unproven business model and a market cap exceeding $4 billion.
Source: YAHOO