MilestoneIndustryConfirmed
D-Wave goes public on the New York Stock Exchange through a SPAC merger
Aug 8, 2022
Quantum computing pioneer D-Wave, which builds quantum annealers, begins trading on the NYSE under the ticker QBTS after completing its merger with DPCM Capital, a special purpose acquisition company (SPAC). Its shares closed their first day at $10.
Why it matters
It added the best-known maker of quantum annealers, an approach different from gate-based machines, to the small group of publicly traded quantum computing companies.
Related
Sources (3)
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D-Wave
DPCM Capital, Inc. and D-Wave Systems Inc. Announce Completion of Business Combination
“Pursuant to the Business Combination, D-Wave Quantum Inc. ("D-Wave Quantum" or the "Company") became the parent company of DPCM Capital and D-Wave, and its shares of common stock and warrants are expected to commence trading, on Monday, August 8, 2022 on the New York Stock Exchange (the "NYSE") under the ticker symbols "QBTS" and "QBTS WS," respectively.”
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The Register
Quantum systems maker D-Wave takes the SPAC route
“Quantum computing pioneer D-Wave Systems has completed its planned merger with DPCM Capital, taking the company public on the New York Stock Exchange.”
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BetaKit
D-Wave lists on New York Stock Exchange following close of SPAC deal
“In its NYSE debut, D-Wave's shares went from $8.98 USD at market open and peaked at just more than $12 USD before closing at $10 USD.”
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