Lucosky Brookman Represents Quantum Computing Inc. in $100 Million Private Placement
Quantum Computing Inc. (NASDAQ: QUBT), an innovative integrated photonics and quantum optics technology company, has successfully closed a $100 million private placement. The offering, which demonstrates strong investor confidence in the quantum computing and photonics sectors, consisted of 8,163,266 shares of common stock priced at $12.25 per share.
The placement represents a significant premium to the company's recent offerings, bringing their total capital raised since November to $190 million. This substantial financing underscores growing investor interest in QCi's development of photonics, thin-film lithium niobate (TFLN), and quantum technologies.
The net proceeds will support QCi's strategic initiatives, including:
- Working capital requirements
- General corporate purposes
- Advancement and expansion of photonics development and manufacturing
- TFLN fabrication facility development
The offering was conducted as a private placement to institutional investors and is expected to close on or about January 9, 2025, subject to customary closing conditions. The securities issued have not been registered under the Securities Act of 1933, though QCi has agreed to file a resale registration statement with the SEC for the shares issued in the placement.
Lucosky Brookman LLP served as counsel to Quantum Computing Inc. in this transaction. Titan Partners Group, a division of American Capital Partners, acted as the sole placement agent for the offering.