This article first appeared on GuruFocus.
One of this year’s biggest high-flyers, Quantum Computing Inc. (NASDAQ:QUBT), is doubling down on momentum with a massive new capital raise. The company said it has entered into securities purchase agreements with institutional investors for roughly 37.18 million shares in an oversubscribed $750 million private placement.
Quantum Computing plans to use the funds to fully finance commercialization, pursue acquisitions, and build out large-scale production and sales capacity as it pushes deeper into the emerging quantum-hardware race. Management said the capital will also bolster working capital and general operations.
If completed as scheduled, the offering would lift Quantum’s pro-forma cash reserves to about $1.55 billion, giving it one of the stronger balance sheets among small-cap quantum names.
The news came as shares surged 23% on Friday, following the company’s separate filing to register 26.9M shares for existing holders. The rally underscores how investors remain captivated by the quantum-computing story even as dilution concerns swirl around one of the market’s boldest next-gen tech bets.