---
schema_version: "secwatch.filing_event.v1"
accession: "0001907982-25-000258"
form_type: "8-K"
ticker: "QBTS"
cik: "0001907982"
company_name: "D-Wave Quantum Inc."
filed_at: "2025-11-21T23:59:59+00:00"
generated_at: "2026-05-16T17:43:36.863796+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001907982-25-000258
- form_type: 8-K
- ticker: QBTS
- cik: 0001907982
- company_name: D-Wave Quantum Inc.
- filed_at: 2025-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907982/000190798225000258/0001907982-25-000258-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907982/000190798225000258/qbts-20251121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001907982-25-000258
- JSON: https://secwatch.observer/filing/0001907982-25-000258.json
- Plain text: https://secwatch.observer/filing/0001907982-25-000258.txt

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