Reported 2 days ago
Quantum Computing Inc. (NASDAQ:QUBT) ended its three-day winning streak, dropping 10% to $22.16, as it initiated a $750 million share sale to institutional investors. This move, aimed at boosting commercialization and strategic acquisitions, may dilute existing shares. The company's CEO, Yuping Huang, emphasized their robust financial position with total capital raised reaching $1.64 billion since November 2024, positioning QCi as a frontrunner in the quantum computing sector.
Source: YAHOO