Quantum Computing Inc. (NASDAQ:QUBT) stock fell 12.1% in premarket trading Monday following the announcement of a $500 million private placement of common stock to institutional investors.
The integrated photonics and quantum optics company said it will sell 26,867,276 shares in an oversubscribed private placement priced at market under Nasdaq rules. The offering is expected to close on or around September 24, 2025, subject to customary closing conditions.
Participants include several large existing shareholders and a first-time investment from what the company described as a “preeminent global alternative asset manager.”
QCi intends to use the proceeds to accelerate commercialization efforts, pursue strategic acquisitions, expand sales and engineering teams, and fund working capital and general corporate purposes.
“This successful $500 million offering, led by strong support from both new and existing leading institutional investors, is priced at a substantial premium to our four recent offerings, bringing our total gross capital raised since November 2024 to approximately $900 million,” said Dr. Yuping Huang, CEO and Chairman of QCi.
Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the transaction.
The securities issued in the private placement have not been registered under the Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or an applicable exemption. The company has agreed to file a resale registration statement with the SEC.
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