Quantum Computing Inc. signs up to $25M ATM equity agreement with Ascendiant Capital

Quantum Computing Inc.

Company may sell up to $25M of common stock from time to time under the ATM Agreement.
Ascendiant will receive 3.0% commission on gross proceeds from shares sold.
Company has no obligation to sell any shares and may suspend the program at any time.
Shares offered under existing Form S-3 shelf registration statement (No. 333-268064).
Prospectus supplement dated December 5, 2022 filed with the SEC.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Quantum Computing Inc. entered into At-The-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC valued at $25,000,000 (effective 2022-12-05).

Action: entry
Agreement: atm program
Counterparty: Ascendiant Capital Markets, LLC
Value: $25,000,000
Effective: 2022-12-05

Exact text from the filing

On December 5, 2022, Quantum Computing Inc. (the “Company”) entered into an At-The-Market Issuance Sales Agreement (the “ATM Agreement”) with Ascendiant Capital Markets, LLC (“Ascendiant”) under which the Company may offer and sell, from time to time at its sole discretion, shares of the Company’s common stock

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Quantum Computing Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-077752

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