D-Wave completes $400M ATM equity offering at avg $15.18, cash now $815M

D-Wave Quantum Inc.

ATM program raised $400M gross; shares sold June 11-27 at average price $15.18.
Average price is a 149% premium to prior $150M ATM completed in Jan 2025 at $6.10.
Proceeds bring cash balance to approximately $815M; intended for acquisitions, working capital, capex.
CEO states D-Wave has strongest balance sheet among public independent quantum computing companies.

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