---
schema_version: "secwatch.filing_event.v1"
accession: "0001907982-26-000141"
form_type: "8-K"
ticker: "QBTS"
cik: "0001907982"
company_name: "D-Wave Quantum Inc."
filed_at: "2026-09-08T11:01:10+00:00"
generated_at: "2026-09-08T11:05:26.348760+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# D-Wave secures up to $100M CHIPS Act award from U.S. Commerce Dept; issues equity

## Summary
- Up to $100M award from U.S. Dept of Commerce under CHIPS and Science Act; initial tranche $53.55M available shortly.
- Company to issue 7,095,721 shares at $14.093/share (15% discount to lowest closing price) to Commerce.
- Funding supports 100,000-qubit annealing and 10,000-qubit gate-model quantum systems development.
- Additional tranches: $9.075M, $16.695M, $20.39M, $287,380 upon milestones; performance period 5 years.
- Commerce gets minority non-controlling equity stake; transfer restrictions and repurchase right at $1.00.

## SEC filing metadata
- accession: 0001907982-26-000141
- form_type: 8-K
- ticker: QBTS
- cik: 0001907982
- company_name: D-Wave Quantum Inc.
- filed_at: 2026-09-08T11:01:10+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907982/000190798226000141/0001907982-26-000141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907982/000190798226000141/qbts-20260904.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001907982-26-000141
- JSON: https://secwatch.observer/filing/0001907982-26-000141.json
- Plain text: https://secwatch.observer/filing/0001907982-26-000141.txt

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