Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Evette Mitkov

Quantum Computing (QUBT) Shares Are Sliding Today: Here's Why

Quantum computing

Quantum Computing Inc (NASDAQ:QUBT) shares are trading lower on Monday after the company announced a $750 million oversubscribed private placement.

What To Know: Quantum Computing said it entered into securities purchase agreements with institutional investors for the purchase and sale of approximately 37.18 million shares of its common stock. The company anticipates total gross proceeds of $750 million.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.