Core Viewpoint - A class action lawsuit has been filed against Quantum Computing Inc. (QUBT) for allegedly misleading investors regarding its technology capabilities and business dealings, particularly with NASA and related party transactions [1][2][3] Group 1: Allegations Against Quantum Computing Inc. - The lawsuit claims that QCI overstated its quantum computing technologies, products, and services [2] - It is alleged that QCI misrepresented its relationship with NASA, including the nature and scope of contracts [2] - The complaint states that QCI exaggerated its progress in developing a TFLN foundry and the scale of orders for its TFLN chips [2] - QCI's business dealings with Quad M and millionways are characterized as related party transactions, which were not disclosed [2] - The lawsuit suggests that QCI's revenues were partially dependent on these undisclosed related party transactions [2] - The revelations are expected to have a significant negative impact on QCI's business and reputation [2] - The public statements made by QCI were deemed materially false and misleading throughout the relevant period [2] Group 2: Impact of Allegations - Following the publication of a report by Capybara Research on January 16, 2025, which alleged that QCI fabricated revenues and overstated ties to NASA, QCI's stock price fell by $1.72, or 14.89%, closing at $9.83 per share on January 17, 2025 [3]
Robbins LLP Reminds QUBT Investors of the Upcoming Lead Plaintiff Deadline in the Quantum Computing Inc. Class Action – Contact the Firm Today