secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2026-09-08T11:01:10+00:00
Accession:  0001907982-26-000141
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000190798226000141/0001907982-26-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000190798226000141/qbts-20260904.htm
  HTML page:      https://secwatch.observer/filing/0001907982-26-000141

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