D-Wave Quantum (QBTS) Loses 10% on Warrant Redemption, Stock Dilution

Group 1 - D-Wave Quantum Inc. (NYSE:QBTS) experienced a significant decline, losing 10.25% to close at $34.40, marking its third consecutive day of losses due to investors selling off positions following the redemption of outstanding warrants [1][4]. - The company has approximately 5 million outstanding warrants that are exercisable until November 19, 2025, which could lead to the issuance of about 7.2 million shares, resulting in less than 2.1% dilution for existing shareholders if all are exercised [2][3]. - Any unexercised warrants will be redeemed for $0.01 each upon expiration, as per the company's warrant agreement [3]. Group 2 - D-Wave Quantum recently partnered with Swiss Quantum Technology SA to deploy a D-Wave Advantage2 annealing quantum computer in Europe, involving a commitment of 10 million euros from Swiss Quantum, with an option to purchase the system [3][4].