Quantum Computing Inc. upsizes at-the-market equity offering to $50M

Quantum Computing Inc.

Original ATM agreement ($25M) entered Dec 2022; $22.6M sold as of Aug 17, 2023.
Amendment upsizes ATM capacity from $25M to $50M, leaving $27.4M available for sale.
Shares will be sold under existing shelf registration statement on Form S-3.
Amendment filed as Exhibit 1.1; legal opinion of Lucosky Brookman LLP included.

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. amended ATM Amendment with Ascendiant Capital Markets, LLC valued at increase from $25,000,000 to $50,000,000 (effective 2023-08-17).

Action: amendment
Agreement: atm program
Counterparty: Ascendiant Capital Markets, LLC
Value: increase from $25,000,000 to $50,000,000
Effective: 2023-08-17

Exact text from the filing

On August 17, 2023, the Company and ACM entered into an amendment (the “ATM Amendment”) to the ATM Agreement, increasing the amount of Common Stock the Company may offer and sell via the “at the market” equity offering program from $25,000,000 to $50,000,000

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Quantum Computing Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-069134

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