Business Context and Reporting Period
Company: D-Wave Quantum Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 29, 2025
Reporting Period: Event date May 29, 2025
Key Financial Metrics
This filing reports a specific capital event rather than periodic financial results. The filing text does not provide clear values for revenue, profit, operating cash flow, margins, or total debt.
- Proceeds Received: Approximately $80.5 million
- Source of Proceeds: Exercise of approximately 7.0 million warrants
- Exercise Price: $11.50 per warrant
- Warrant Origin: Assumed in conjunction with the August 5, 2022 merger with DPCM Capital, Inc.
Material Changes
The primary material change is the increase in cash liquidity resulting from the warrant exercise. The filing does not provide comparative data against a prior period for revenue or earnings.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the disclosure of the warrant exercise event. No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the updated share count and capitalization table following the issuance of shares from the 7.0 million warrant exercises.
- Confirm the impact of the $80.5 million cash inflow on the company's current liquidity position and cash runway.
- Review the terms of the remaining outstanding warrants (QBTS.WT) to assess potential future dilution.