Quantum Computing Inc. (QCi) announced concurrent offerings of common stock, raising $50 million in gross proceeds. The company will issue 1,540,000 shares in a registered direct offering and 8,460,000 shares in a private placement, both priced at $5.00 per share. The offerings are expected to close on December 12, 2024, subject to customary conditions.QCi plans to use the net proceeds for working capital and general corporate purposes, including advancing its quantum technologies and expanding its U.S.-based thin-film lithium niobate Photonic Chip Foundry in Tempe, Arizona. The additional funds will support the operational ramp-up of the foundry, enabling revenue generation, production scaling, and acceleration of high-performance computing products development.Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offerings. The registered offering is made pursuant to an effective shelf registration statement, while the private placement shares are unregistered. QCi has agreed to file a resale registration statement for the private placement shares.

Quantum Computing Inc. (QCi) announced concurrent offerings of common stock, raising $50 million in gross proceeds. The company will issue 1,540,000 shares in a registered direct offering and 8,460,000 shares in a private placement, both priced at $5.00 per share. The offerings are expected to close on December 12, 2024, subject to customary conditions.QCi plans to use the net proceeds for working capital and general corporate purposes, including advancing its quantum technologies and expanding its U.S.-based thin-film lithium niobate Photonic Chip Foundry in Tempe, Arizona. The additional funds will support the operational ramp-up of the foundry, enabling revenue generation, production scaling, and acceleration of high-performance computing products development.Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offerings. The registered offering is made pursuant to an effective shelf registration statement, while the private placement shares are unregistered. QCi has agreed to file a resale registration statement for the private placement shares.