Quantum Computing Inc. has entered into securities purchase agreements on November 14, 2024, to raise $40 million through a registered direct offering. The company will issue 16 million shares of common stock at $2.50 per share, with the closing expected around November 18, 2024. The offering is priced at-the-market under Nasdaq rules.Titan Partners Group LLC, a division of American Capital Partners, will serve as the exclusive placement agent, receiving a 7.25% cash fee and 5-year warrants representing 5% of the securities sold. The warrants will be exercisable from May 13, 2025, at $2.875 per share. The company will also reimburse up to $100,000 in placement agent expenses.The company's directors and executive officers have agreed to a 45-day lock-up period after the closing. The net proceeds will be used for debt repayment, working capital, and general corporate purposes. The offering is made under an effective shelf registration statement previously filed with the SEC.

Quantum Computing Inc. has entered into securities purchase agreements on November 14, 2024, to raise $40 million through a registered direct offering. The company will issue 16 million shares of common stock at $2.50 per share, with the closing expected around November 18, 2024. The offering is priced at-the-market under Nasdaq rules.Titan Partners Group LLC, a division of American Capital Partners, will serve as the exclusive placement agent, receiving a 7.25% cash fee and 5-year warrants representing 5% of the securities sold. The warrants will be exercisable from May 13, 2025, at $2.875 per share. The company will also reimburse up to $100,000 in placement agent expenses.The company's directors and executive officers have agreed to a 45-day lock-up period after the closing. The net proceeds will be used for debt repayment, working capital, and general corporate purposes. The offering is made under an effective shelf registration statement previously filed with the SEC.