D-Wave Quantum Inc. has entered into a sales agreement with several financial firms, including Needham & Company, LLC and Evercore Group L.L.C., among others, allowing the company to sell its common stock through these agents. This agreement, effective as of June 10, 2025, permits D-Wave Quantum to offer shares valued at up to $400 million under a registration statement filed with the SEC. The proceeds from these sales are intended for general corporate purposes, such as funding capital expenditures and potential business expansions. The sales may occur on the New York Stock Exchange or other trading markets, and the agents will use commercially reasonable efforts to facilitate these transactions according to D-Wave's instructions.
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