secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2025-10-20T23:59:59+00:00
Accession:  0001907982-25-000234
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000190798225000234/0001907982-25-000234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000190798225000234/qbts-20251020.htm
  HTML page:      https://secwatch.observer/filing/0001907982-25-000234

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer