Quantum Computing raises $8.25M via high-interest promissory note with Streeterville Capital

Quantum Computing Inc.

Issued $8.25M promissory note to Streeterville Capital; net proceeds ~$7.5M after $750K OID and $20K transaction expenses.
Note bears 10% interest, matures 18 months from issuance; prepayment requires 120% of outstanding balance.
Investor can redeem up to $750K/month starting 6 months after issuance; Company must pay within 3 trading days.
Covenants restrict additional convertible/variable-rate debt or equity issuances without Investor's prior written consent.
Placement agents Ascendiant Capital and Revere Securities received $495K in aggregate fees.

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