secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001140361-23-049337
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123049337/0001140361-23-049337-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123049337/ef20013052_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-049337

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer