Quantum Computing Inc. Secures $50 Million in Concurrent Offerings
Quantum computing technology developer, Quantum Computing Inc. (QCi) announced it was highly successful
saw a pricing; Through registered direct offering and a concurrent private placement. The offerings are anticipated to yield gross proceeds of $50 million before deducting expenses.
Expanding Quantum Capabilities
These funds will be primarily used for general corporate purposes and working capital, according to QCi’s press release. This includes accelerating the continued progress of high-performance computing and
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Quantum Computing Inc.
QCi announced concurrent Offerings
offere to have been priced.
We Experienced
Positioning forthe Future
These offerings come hot on the heels of QCi’s advancements in quantum technology. The company plans to further capitalize on this momentum by:
-
Advancing Our High-performance Computing Products (This includes their innovative line of Dirac quantum optimization machines and
- Building out its U.S. based thin film lithium niobate (TFLN) Photonic Chip Foundry in Tempe, Arizona. This facility is slated to be completed in the First Quarter of
Reiterating its Commitment to accelerate the rote to **fulfill customer orders.
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*(tr thinking. The funding highlights a continued strong.** The proceeds
What Remains
**Positive Market Response
Chris Boehmler, Chief Financial jacke
QCi CFO Chris Boehmler expressed excitement about To bolster balance sheet the company has
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