Quantum Computing Inc. raises $100M in private placement of 8.16M shares at $12.25

Quantum Computing Inc.

Gross proceeds of $100M from sale of 8,163,266 shares at $12.25 each; closing expected Jan 9, 2025.
Placement agent Titan Partners receives 6% cash fee and 326,531 five-year warrants at $14.0875 exercise price.
Net proceeds to be used for working capital and to advance photonics, TFLN, and quantum technologies.
Directors and officers agree to 60-day lock-up on share sales post-closing.
Company to file resale registration statement by Jan 24, 2025 for the placement shares.

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