secwatch.observer — SEC 8-K summary
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Issuer:     Quantum Computing Inc. (QUBT)
CIK:        0001758009
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001213900-24-108086
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 5.07, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum Computing Inc. raises $50M via registered direct offering and private placement
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- Aggregate gross proceeds of $50M from sale of 10M shares at $5.00 per share; closing expected on December 12, 2024.
- Net proceeds to fund working capital, R&D, and expansion of TFLN Photonic Chip Foundry in Tempe, AZ (on track for Q1 2025).
- Titan Partners Group acted as placement agent; received 7% cash fee and 500,000 five-year warrants at $5.75 exercise price.
- Annual meeting re-elected all director nominees; BPM LLP ratified as independent auditor for fiscal 2024.
- Board committees appointed post-meeting: Audit (Turmelle chair), Compensation (Fagenson chair), Nominating (Weimer chair), Risk (Shabani chair).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758009/000121390024108086/0001213900-24-108086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758009/000121390024108086/ea0224535-8k_quantum.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-108086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer