secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0001907982-25-000258
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000190798225000258/0001907982-25-000258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000190798225000258/qbts-20251121.htm
  HTML page:      https://secwatch.observer/filing/0001907982-25-000258

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