Quantum Computing Inc. has entered into securities purchase agreements to raise $40 million in a registered direct offering. The company will issue 16,000,000 shares of common stock at $2.50 per share, priced at-the-market under Nasdaq rules. The offering is expected to close around November 18, 2024, subject to customary conditions.Titan Partners Group LLC, a division of American Capital Partners, LLC, will act as the exclusive placement agent, receiving a 7.25% cash fee and 5-year warrants for 5% of securities sold. The company's directors and executive officers agreed to a 45-day lock-up period. Proceeds will be used for debt repayment, working capital, and general corporate purposes.The offering is made pursuant to an effective shelf registration statement. QCi, an integrated photonics and quantum optics technology company, designs affordable quantum machines operating at room temperature and low power for high-performance computing, AI, cybersecurity, and remote sensing applications.

Quantum Computing Inc. has entered into securities purchase agreements to raise $40 million in a registered direct offering. The company will issue 16,000,000 shares of common stock at $2.50 per share, priced at-the-market under Nasdaq rules. The offering is expected to close around November 18, 2024, subject to customary conditions.Titan Partners Group LLC, a division of American Capital Partners, LLC, will act as the exclusive placement agent, receiving a 7.25% cash fee and 5-year warrants for 5% of securities sold. The company's directors and executive officers agreed to a 45-day lock-up period. Proceeds will be used for debt repayment, working capital, and general corporate purposes.The offering is made pursuant to an effective shelf registration statement. QCi, an integrated photonics and quantum optics technology company, designs affordable quantum machines operating at room temperature and low power for high-performance computing, AI, cybersecurity, and remote sensing applications.