secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2026-05-21T10:52:43+00:00
Accession:  0001907982-26-000066
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000190798226000066/0001907982-26-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000190798226000066/qbts-20260521.htm
  HTML page:      https://secwatch.observer/filing/0001907982-26-000066

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