D-Wave Quantum Inc. Form 8-K Summary
Business Context and Reporting Period
D-Wave Quantum Inc. filed a Current Report on Form 8-K dated August 24, 2023 under Item 4.01. The filing concerns a change in the Company’s independent registered public accounting firm for fiscal year 2023.
Auditor Change
- Grant Thornton LLP was engaged as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, beginning with the fiscal third quarter ending September 30, 2023.
- The Audit Committee approved Grant Thornton’s selection on August 23, 2023.
- The filing does not identify the predecessor accounting firm in the provided text.
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, or other operating or financial metrics.
Material Changes, Risks, and Unusual Items
- For the two fiscal years ended December 31, 2021 and 2022, and the interim period through the filing date, the Company reported no disagreements or reportable events with respect to accounting principles, audit opinions, or financial reporting matters.
- The Company stated that it had not previously consulted with Grant Thornton regarding specified accounting or auditing matters, proposed transactions, or potential audit opinions.
- No new contingencies, unusual financial items, or specific risk factors were disclosed in the provided filing text.
Important Facts for Investors to Verify
- Identify the predecessor auditor and review the reasons for the change, which are not clearly provided in the filing text.
- Review subsequent filings for Grant Thornton’s audit reports and any disclosed accounting or internal-control matters.
- Confirm the Company’s fiscal third-quarter and full-year 2023 financial results and liquidity position in later periodic filings.