IonQ to acquire Oxford Ionics for $1.075B in stock and cash, accelerating quantum roadmap

IonQ, Inc.

Consideration: $1.065B in IonQ common stock (21.1M–35.2M shares at $30.22–$50.37 per share) plus $10M cash.
IonQ expects combined company to build systems with 256 physical qubits at 99.99% accuracy by 2026, 2M qubits by 2030.
Founders Dr. Chris Ballance and Dr. Tom Harty to remain; lock-up restricts share sales up to six years post-close.
Transaction expected to close in 2025, subject to regulatory approvals and customary conditions.
Combined entity plans to expand Oxford workforce and maintain UK/US government partnerships including NQCC.

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