M&A
confidence high
sentiment negative
materiality 0.65
QUBT files amended 8-K: QPhoton acquisition pro forma shows $83M consideration, $29.3M net loss in 2021
Quantum Computing Inc.
- Total purchase consideration for QPhoton: ~$83.1M, paid in common stock, Series B preferred, and warrants.
- Pro forma combined net loss for FY2021: $29.3M, with zero revenue.
- Pro forma combined net loss for Q1 2022: $7.6M, on only $31k revenue.
- Goodwill of $59.1M and intangible assets of $25.5M recorded as of Dec 31, 2021.
- Consideration: 5.8M common shares, 2.4M Series B shares, 7.0M warrants; acquisition closed Jun 16, 2022.