Quantum Computing Inc. (QCi), an innovative company specializing in integrated photonics and quantum optics technology, has announced the completion of an oversubscribed private placement, securing agreements with institutional investors for the purchase and sale of approximately 37.2 million shares of common stock. This private placement is priced in adherence to Nasdaq rules and is expected to generate gross proceeds of $750 million before any expenses associated with the offering.
The anticipated closing date for the offering is around October 8, 2025, pending the fulfillment of standard closing conditions. The funds raised will significantly bolster QCi’s mission, as the company aims to use the net proceeds to accelerate commercialization efforts, pursue strategic acquisitions, establish production capabilities, expand its sales and engineering teams, and support working capital and other corporate purposes.
The recent fundraising brings the total capital raised by QCi to $1.64 billion since November 2024, positioning it with the most robust balance sheet among publicly traded quantum computing firms. Dr. Yuping Huang, CEO and Chairman of QCi, expressed confidence that the funding obtained will facilitate the execution of the company’s strategic business plan through 2028. He emphasized the validation received from existing investors regarding QCi’s vision, technology, and roadmap, and reiterated the company’s objective of transitioning from a quantum technology innovator to a leading producer of quantum hardware.
The shares issued in this private placement are not registered under the Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or a valid exemption. However, the company plans to file a resale registration statement with the SEC to facilitate the resale of these shares.
In addition to this announcement, QCi has continued to emphasize its commitment to developing accessible quantum computing solutions. The company manufactures photonic chips using thin-film lithium niobate (TFLN), which are designed to operate at room temperature with low power consumption and at an accessible cost. Their technology offers unique capabilities in high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications.
Titan Partners Group, a division of American Capital Partners, is serving as the sole placement agent for this offering, underscoring the dedicated financial expertise involved in facilitating QCi’s capital needs.
As a forward-looking statement, QCi acknowledges that certain projections regarding the offering, expected benefits, and the company’s strategic initiatives carry inherent risks and uncertainties. The company assures that it will continue to adapt and update stakeholders as necessary, adhering to federal securities regulations.
