Quantum Computing, Inc. Announces Registered Direct Offering of $40 Million Priced At-The-Market Under Nasdaq Rules

Core Points - Quantum Computing Inc. has entered into a securities purchase agreement to sell 16,000,000 shares of common stock at a price of $2.50 per share, resulting in gross proceeds of $40 million before expenses [1][2] - The net proceeds from the offering will be used for debt repayment, working capital, and general corporate purposes [2] - The offering is made under an effective shelf registration statement previously filed with the SEC [3] Company Overview - Quantum Computing Inc. is an innovative company specializing in integrated photonics and quantum optics technology, providing accessible quantum machines designed to operate at room temperature and low power [5] - The company's products are aimed at high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications [5]