D-Wave completes warrant redemption; raises ~$54.6M from exercises

D-Wave Quantum Inc.

4,746,358 warrants exercised for ~6.9M shares of common stock, yielding $54.6M in cash proceeds.
270,820 unexercised warrants redeemed at $0.01 per warrant ($2,708.20 aggregate) on Nov. 19, 2025.
No warrants remain outstanding; warrants ceased trading on NYSE effective Nov. 18, 2025.
Common stock continues to trade on NYSE under symbol QBTS.

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