---
schema_version: "secwatch.filing_event.v1"
accession: "0001907982-26-000066"
form_type: "8-K"
ticker: "QBTS"
cik: "0001907982"
company_name: "D-Wave Quantum Inc."
filed_at: "2026-05-21T10:52:43+00:00"
generated_at: "2026-05-21T10:57:27.679173+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# D-Wave signs LOI for $100M CHIPS Act funding; to issue stock to Commerce Dept.

## Summary
- LOI with U.S. Dept. of Commerce for $100M in proposed CHIPS and Science Act funding.
- D-Wave would issue $100M in common stock to the Dept. upon closing definitive award docs.
- Funding aims to accelerate development of 100,000-qubit annealing and 10,000-qubit gate-model systems.
- R&D expansion planned at new Boca Raton, FL facility plus existing sites in CT and BC.
- Award is subject to execution of final documents; non-binding LOI stage.

## SEC filing metadata
- accession: 0001907982-26-000066
- form_type: 8-K
- ticker: QBTS
- cik: 0001907982
- company_name: D-Wave Quantum Inc.
- filed_at: 2026-05-21T10:52:43+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907982/000190798226000066/0001907982-26-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907982/000190798226000066/qbts-20260521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001907982-26-000066
- JSON: https://secwatch.observer/filing/0001907982-26-000066.json
- Plain text: https://secwatch.observer/filing/0001907982-26-000066.txt

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