secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K/A
Filed at:   2026-09-09T11:00:09+00:00
Accession:  0001907982-26-000144
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

D-Wave issues 7.1M shares to U.S. Commerce Dept for $100M CHIPS Act award
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- Issued 7,095,721 shares at $14.093/share to U.S. Department of Commerce under Securities Issuance Agreement dated Sept 8, 2026.
- Shares issued in connection with $100M award under CHIPS Act; unregistered, sold under Section 4(a)(2) exemption.
- Company warns of dilution to existing stockholders and uncertainty of funding timing/amounts under the OTA.
- Department's equity stake may limit future strategic transactions; accounting treatment uncertain.
- Award funds subject to appropriations and government policy changes; legal challenges possible.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000190798226000144/0001907982-26-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000190798226000144/qbts-20260904.htm
  HTML page:      https://secwatch.observer/filing/0001907982-26-000144

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