D-Wave completes acquisition of Quantum Circuits for $250M cash and 10.4M shares

D-Wave Quantum Inc.

Consideration includes $250M cash and 10,430,444 shares of D-Wave common stock.
Acquisition combines D-Wave's annealing systems with Quantum Circuits' error-corrected gate-model technology.
D-Wave plans to make initial gate-model system available in 2026, targeting scaled error-corrected gate computer.
Quantum Circuits' dual-rail qubits bring superconducting speed with high fidelity, touted as industry breakthrough.
D-Wave CEO says acquisition establishes company as world's leading quantum computing firm with dual-platform roadmap.

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