Los Angeles, California – July 21, 2025

D-Wave Quantum Inc. (NYSE: QBTS), a prominent player in quantum computing systems and services, has successfully completed sales totaling $400 million through its market capital program (ATM). The average price for these shares, sold between June 11 and June 27, was approximately $15.18 per share. This notably represents a substantial premium of $9.08, or about 149%, compared to the average of $6.10 per share from an earlier $150 million ATM offering finished in January.

• The equity offering raised $400 million within just a two-week timeframe.

• This recent sale’s average price shows a 149% increase over the previous ATM shares from January 2025.

• As of July 1, D-Wave reports having a cash reserve of roughly $815 million.

• The revenue from this offering will primarily facilitate strategic acquisitions, capital needs, and general operational costs.

• D-Wave’s decision to pursue this ATM program is largely supported by a remarkable 509% year-over-year increase in sales during the first quarter of 2025, particularly driven by significant system sales to the Julich Supercomputing Centre in Germany.

This recent influx of capital pushes D-Wave’s cash reserves up to around $815 million as of July 1, indicating their intent to leverage this funding for further strategic initiatives.

About D-Wave Quantum Inc.

D-Wave stands at the forefront of quantum computing, providing advanced systems, software, and services. They are recognized as the world’s first commercial quantum computer supplier, offering both annealing and gated models. Their goal is to help businesses unlock the potential of quantum computing today. D-Wave’s largest quantum systems can be accessed on-site or via cloud services, maintaining 99.9% availability. With over 100 organizations relying on D-Wave for complex calculations, their systems have addressed more than 200 million queries across various applications including optimization and artificial intelligence.

For those interested, learning about how quantum computing influences future advancements is encouraged.

The statements within this announcement are forward-looking as per the Private Securities Litigation Reform Act of 1995. Various risks and uncertainties could cause actual results to differ materially from projections mentioned in these statements. Investors should proceed with caution when interpreting these forward-looking remarks and recognize that they are based on information accessible on the article’s date. There is no obligation to update this information unless legally required.