D-Wave Quantum receives $80.5M from exercise of 7M warrants at $11.50/share

D-Wave Quantum Inc.

Proceeds of approximately $80.5 million from the exercise of 7.0 million warrants on May 29, 2025.
Warrants had an exercise price of $11.50 per share and were assumed from the August 2022 DPCM Capital merger.
Cash balance boosted by $80.5M with no new shares issued beyond already-outstanding warrant coverage.

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