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21.11.25 - 13:03
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D-Wave Completes Redemption of Public Warrants (Business Wire)
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PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced that it has completed the redemption of all of the Company's outstanding public warrants (the “Warrants”) to purchase shares of the Company's common stock (“Common Stock”), at 5 p.m. New York City Time on November 19, 2025 (the “Redemption Date”).
Of the Warrants that were outstanding prior to D-Wave's announcement of the redemption on October 20, 2025, 4,746,358 Warrants were subsequently exercised for approximately 6.9 million shares of Common Stock at the exercise price of $11.50 per Warrant, yielding cash proceeds to the Company of approximately $54.6 million.
A total of 270,820 Warrants remained unexercised as of 5 p.m. New York City time on the Redemption Date, and the Company redeemed those Warrants for a redemption price of $0.01 per Warr...
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