Quantum Computing Inc. (NASDAQ:QUBT) announced plans to raise capital to support the full rollout of its commercialization initiatives and to explore potential strategic acquisitions.
The company intends to offer up to 37.2 million shares in this fundraising round, with participation primarily led by its largest existing shareholders.
Titan Partners Group has been appointed as the sole placement agent for the offering.
Quantum Computing Inc. has not disclosed additional intended uses for the funds beyond supporting commercialization and acquisition objectives.
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