简介:
On February 21, 2018, Innovative Beverage Group Holdings, Inc., OTC:IBGH, filed amended articles to change its name to "Quantum Computing Inc." and to change its domicile from North Carolina to Delaware, which was effective on 2/23/18. The purpose of the name changes was to reflect the change in the Companyâs business focus from its former beverage business towards quantum computing. The Company has filed the application with FINRA for approval to change its name to Quantum Computing Inc., upon the approval of which it will be issued a new trading symbol. The Company also intends to make application to FINRA to implement a 1:200 reverse split. The Company is developing processes to commercialize quantum computing hardware and application services which are expected to be faster, more powerful and capable of solving problems that existing computers cannot do at present. The Company has assembled a team of highly accomplished computing and security experts to build a quantum annealing computer for applications in the financial and security industries. To that end, the Company has completed initial seed funding of approximately $250,000 and is in the process of implementing a convertible debt financing from accredited investors of $5 million or more to advance development.