QCI closes acquisition of QPhoton; appoints Dr. Huang as Chief Quantum Officer

Quantum Computing Inc.

Merger consideration: 5,802,206 shares of common stock and 3,079,864 Series B Preferred shares (convertible into 23,770,280 common shares).
Warrants to purchase up to 7,028,337 shares at $0.0001 per share, subject to stockholder approval.
Dr. Yuping Huang appointed Chief Quantum Officer and director; receives $400k base salary, 30% bonus, and 400,000 stock options vesting over 3 years.
QCI expects to release initial quantum solutions leveraging QPhoton's QPS in Q4 2022.
QPhoton becomes wholly-owned subsidiary; Qatalyst software will remain vendor-neutral.

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Executive movements

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Appointed

Yuping Huang

Director

QUBT · Quantum Computing Inc.

Effective: 2022-06-14
Filed: June 21, 2022, 7:59 PM ET

On June 14, 2022, in connection with the Transactions, the Board appointed Mr. Huang to serve as the Company’s Chief Quantum Officer and as a member of the Board, effective as of the Closing Date.

Appointed

Yuping Huang

Chief Quantum Officer

QUBT · Quantum Computing Inc.

Effective: 2022-06-14
Filed: June 21, 2022, 7:59 PM ET

On June 14, 2022, in connection with the Transactions, the Board appointed Mr. Huang to serve as the Company’s Chief Quantum Officer and as a member of the Board, effective as of the Closing Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Yuping Huang was appointed as Director at Quantum Computing Inc..

Action: appointed
Role: Director

Exact text from the filing

On June 14, 2022, in connection with the Transactions, the Board appointed Mr. Huang to serve as the Company’s Chief Quantum Officer and as a member of the Board, effective as of the Closing Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Yuping Huang was appointed as Chief Quantum Officer at Quantum Computing Inc..

Action: appointed
Role: Chief Quantum Officer

Exact text from the filing

On June 14, 2022, in connection with the Transactions, the Board appointed Mr. Huang to serve as the Company’s Chief Quantum Officer and as a member of the Board, effective as of the Closing Date.

View on SEC.gov

Quantum Computing Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-034003

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