secwatch.observer — SEC 8-K summary
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Issuer:     IonQ, Inc. (IONQ)
CIK:        0001824920
Form:       8-K
Filed at:   2026-10-13T10:03:04+00:00
Accession:  0001193125-26-419609
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

IonQ to acquire Zero Trust security firm Elisity in all-stock deal valued up to $1.3B
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- $1.15B closing consideration in IONQ shares; up to $150M earnout tied to Elisity revenue milestones from Aug 1, 2026 to Jan 31, 2028; plus $100M retention RSU pool vesting over four years.
- Share count based on 20-day VWAP before closing, collared between $33.07 and $49.61 per IonQ share; shares issued under Section 4(a)(2)/Reg D exemptions.
- Elisity has 100+ global customer deployments, doubles revenue and customer base YoY with zero churn among deployed customers; CEO James Winebrenner continues post-close.
- Expected to close in Q4 2026; agreement terminable if closing has not occurred by January 7, 2027; subject to regulatory approvals and NYSE listing of issued shares.
- IonQ cites a >$10B microsegmentation market with double-digit CAGR; multiproduct revenue grew 40% YoY in Q2 2026. Deal pairs Elisity Zero Trust with IonQ PQC/QKD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824920/000119312526419609/0001193125-26-419609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824920/000119312526419609/ionq-20261009.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-419609

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