D-Wave Quantum redeems all ~5M public warrants at $0.01 each, exercise deadline Nov 19

D-Wave Quantum Inc.

Redeeming all ~5M public warrants on Nov 19, 2025 at $0.01 each; holders may exercise at $11.50/warrant for 1.4541326 shares.
If all exercised, ~7.2M shares issued, resulting in less than 2.1% dilution to existing shareholders.
Last trading day for warrants on NYSE expected Nov 17, 2025; stock price condition of $18 for 20 of 30 days met.
Warrants closed at $44.05 and common stock at $38.33 on Oct 17, 2025.

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