Quantum Computing Inc. Announces Closing of Private Placement of Common Stock for Proceeds of $200 Million

Core Viewpoint - Quantum Computing Inc. has successfully closed a private placement of 14,035,089 shares of common stock, raising $200 million at a price of $14.25 per share, reflecting strong institutional interest in the company's vision for quantum and photonic technologies [1][2]. Financial Position - Following the capital raise, the company has over $350 million in cash and cash equivalents with no debt, providing significant financial resources for product development and strategic opportunities [2][8]. Use of Proceeds - The net proceeds from the offering will be utilized to accelerate commercialization efforts, pursue strategic acquisitions, and for general corporate purposes [2]. Company Overview - Quantum Computing Inc. specializes in integrated photonics and quantum optics technology, offering affordable quantum machines and foundry services for photonic chip production based on thin-film lithium niobate [6].