Mentioned:
IonQ is pulling off one of the biggest financing rounds ever for a publicly listed quantum computing company. But, why?
What’s happening:
- IonQ (NYSE: IONQ) has entered into an agreement with Heights Capital Management to raise $1B USD through a new equity financing round
By the numbers:
- IonQ will issue 14.1M common shares at a price of $55.49 USD per share and 3.85M pre funded warrants exercisable at $55.49 USD as part of the capital raise
Why it matters:
- This is the single largest funding commitment an institution has ever given to a publicly traded quantum computing company
Going deeper:
- IonQ has publicly stated that they will have access to $1.68B USD in total cash following the closing of this capital raise
- IonQ has been aggressively making moves to be on the leading edge of the quantum computing revolution, including just recently entering into a new deal to acquired United Kingdom based Oxford Ionics in the single largest acquisition in the history of quantum computing
