other material
confidence high
sentiment neutral
materiality 0.75
Quantum Computing Inc. raises $40M via registered direct offering of 16M shares at $2.50/share
Quantum Computing Inc.
- Gross proceeds of $40 million from sale of 16,000,000 common shares at $2.50 each.
- Closing expected November 18, 2024; use proceeds for debt repayment, working capital, general corporate.
- Titan Partners Group acting as sole placement agent; 7.25% cash fee plus 5% warrant coverage.
- Directors and officers subject to 45-day lock-up on share sales after closing.