---
schema_version: "secwatch.filing_event.v1"
accession: "0001907982-25-000234"
form_type: "8-K"
ticker: "QBTS"
cik: "0001907982"
company_name: "D-Wave Quantum Inc."
filed_at: "2025-10-20T23:59:59+00:00"
generated_at: "2026-05-17T03:18:19.895719+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001907982-25-000234
- form_type: 8-K
- ticker: QBTS
- cik: 0001907982
- company_name: D-Wave Quantum Inc.
- filed_at: 2025-10-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907982/000190798225000234/0001907982-25-000234-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907982/000190798225000234/qbts-20251020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001907982-25-000234
- JSON: https://secwatch.observer/filing/0001907982-25-000234.json
- Plain text: https://secwatch.observer/filing/0001907982-25-000234.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.