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Wajeeh Khan

A $1.3 Billion Reason Why IONQ Stock Is Down Today

IONQ Wall Street

IonQ (IONQ) stock is under immense pressure on Oct. 12 after the quantum-tech company announced an acquisition that triggered dilution concerns. In a press release this morning, IonQ said it’s buying cybersecurity specialist Elisity in an all-stock transaction valued at up to $1.3 billion.

The announcement arrives at a time when IONQ shares are already struggling to regain momentum, currently trading at roughly half their price in late May.

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