Lucosky Brookman’s Client Quantum Computing Inc. Secures $40 Million Registered Direct Offering
Quantum Computing Inc. (NASDAQ: QUBT), a leader in integrated photonics and quantum optics technology, has successfully closed a $40 million registered direct offering, strengthening its position in the quantum computing sector. The offering, priced at-the-market under Nasdaq rules, comprised 16,000,000 shares of common stock at $2.50 per share.
The financing round, which closed on November 18, 2024, attracted significant investor interest, with Titan Partners Group, a division of American Capital Partners, serving as the sole placement agent. Lucosky Brookman LLP acted as company counsel for the transaction.
The offering was conducted under QCi's effective shelf registration statement on Form S-3 (File No. 333-268064), previously declared effective by the SEC on November 8, 2022. This successful financing positions QCi to advance its portfolio of core technologies, focusing on high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications.
Lucosky Brookman LLP's role as company counsel was instrumental in facilitating this significant capital raise, further demonstrating the firm's expertise in securities offerings and public company representation.