D-Wave (QBTS) Extends Fall on Day 5 on Market Pessimism, Warrant Redemption

Core Insights - D-Wave Quantum Inc. (NYSE: QBTS) experienced a significant decline, falling 15.22% to close at $27.29 amid market pessimism and the announcement of warrant redemptions [1][3] - The company announced the redemption of 5 million outstanding warrants, which can be converted into shares, cash, or both, until November 19, 2025 [2] - If all warrants are exercised, approximately 7.2 million shares will be issued, resulting in less than 2.1% dilution for existing shareholders [3] Company Developments - D-Wave Quantum has 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 [4]