Quantum Computing Inc. announces $500 million private placement of common stock

Quantum Computing Inc. (QCi) has entered into securities purchase agreements for an oversubscribed private placement, selling 26,867,276 shares of common stock. The transaction aims to generate $500 million in gross proceeds, with a projected closing date of September 24, 2025, pending customary conditions.

The offering is led by existing shareholders and includes a first-time investment from a global alternative asset manager. Following the transaction, QCi anticipates its cash position to reach approximately $850 million.

The company plans to utilize the net proceeds to enhance its commercialization efforts, pursue strategic acquisitions, expand its sales and engineering teams, support working capital, and facilitate general corporate purposes. Titan Partners Group serves as the sole placement agent for this offering.

Yuping Huang, CEO and Chairman of QCi, remarked, “This successful $500 million offering, led by strong support from both new and existing leading institutional investors, is priced at a substantial premium... bringing our total gross capital raised since November 2024 to approximately $900 million.” He emphasized that this financing bolsters the company's financial standing and supports the execution of its growth plan.

The securities involved in this offering have not been registered under the Securities Act of 1933 and cannot be sold in the United States without appropriate registration or exemption. QCi has agreed to file a resale registration statement with the Scope 1–3 Emission Calculator (SEC) for the shares issued in the private placement.