Quantum Computing Inc. (Nasdaq: QUBT), an integrated photonics and quantum optics technology company, has entered into securities purchase agreements with institutional investors in an oversubscribed private placement that will result in gross proceeds of approximately $500 million.
The transaction marks one of the largest financings in the quantum technology sector to date and reflects strong institutional conviction in QCi’s commercialization strategy and market potential. The offering attracted significant support from several large existing shareholders alongside a first-time investment from a preeminent global alternative asset manager.
Lucosky Brookman LLP served as legal counsel to Titan Partners Group, a division of American Capital Partners, which acted as the sole placement agent for the offering.
