---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-049337"
form_type: "8-K"
ticker: "QBTS"
cik: "0001907982"
company_name: "D-Wave Quantum Inc."
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T14:48:14.726268+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# D-Wave Quantum receives NYSE non-compliance notice for stock price below $1.00; cancels 2022 executive bonuses

## Summary
- NYSE notified D-Wave on Oct 20, 2023 that average closing price of common stock was below $1.00 over 30 consecutive trading days.
- Company has six-month cure period; may consider reverse stock split subject to shareholder approval.
- Board cancelled 2022 annual cash incentive bonuses for all eligible employees including named executive officers.
- Stock continues to trade on NYSE during cure period, subject to other listing standards.

## SEC filing metadata
- accession: 0001140361-23-049337
- form_type: 8-K
- ticker: QBTS
- cik: 0001907982
- company_name: D-Wave Quantum Inc.
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907982/000114036123049337/0001140361-23-049337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907982/000114036123049337/ef20013052_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-049337
- JSON: https://secwatch.observer/filing/0001140361-23-049337.json
- Plain text: https://secwatch.observer/filing/0001140361-23-049337.txt

## Key facts
- Listing & Compliance Notices
  D-Wave Quantum Inc. received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).
  - Exchange: nyse
  - Notice: noncompliance notice
  - Deficiency: minimum bid price
  - Rules: 802.01C
  source text: October 20, 2023 , D-Wave Quantum Inc. (the “Company,” “we,” “us” or “our”) was notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company’s common stock from the NYSE. On October 24, 2023 , the Company notified the NYSE that it intends to cure the stock price deficiency and to return to compliance with the NYSE continued li
  evidence_url: https://www.sec.gov/Archives/edgar/data/1907982/000114036123049337/0001140361-23-049337-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.