IonQ Announces At-the-Market Equity Offering Program for up to $500 Million
IonQ (NYSE: IONQ) has established an at-the-market equity offering program with Morgan Stanley and Needham & Company, allowing the sale of common stock worth up to $500 million. The quantum computing leader will conduct sales through these agents via market offerings or negotiated transactions, including potential block trades.
The company plans to utilize the net proceeds for general corporate purposes, particularly focusing on scaling its quantum computing and quantum networking businesses. The program is supported by a Form S-3 registration statement and prospectus supplement filed with the SEC on February 26, 2025.
IonQ (NYSE: IONQ) ha avviato un programma di offerta di azioni sul mercato con Morgan Stanley e Needham & Company, consentendo la vendita di azioni ordinarie per un valore fino a 500 milioni di dollari. Il leader nel campo del calcolo quantistico effettuerà vendite attraverso questi agenti tramite offerte di mercato o transazioni negoziate, inclusi potenziali scambi in blocco.
L'azienda prevede di utilizzare i proventi netti per scopi aziendali generali, concentrandosi in particolare sull'espansione delle sue attività di calcolo quantistico e networking quantistico. Il programma è supportato da una dichiarazione di registrazione Form S-3 e un supplemento di prospetto depositati presso la SEC il 26 febbraio 2025.
IonQ (NYSE: IONQ) ha establecido un programa de oferta de acciones en el mercado con Morgan Stanley y Needham & Company, permitiendo la venta de acciones ordinarias por un valor de hasta 500 millones de dólares. El líder en computación cuántica realizará ventas a través de estos agentes mediante ofertas en el mercado o transacciones negociadas, incluyendo posibles operaciones en bloque.
La compañía planea utilizar los ingresos netos para fines corporativos generales, enfocándose especialmente en escalar sus negocios de computación cuántica y redes cuánticas. El programa cuenta con el respaldo de una declaración de registro Form S-3 y un suplemento de prospecto presentado ante la SEC el 26 de febrero de 2025.
IonQ (NYSE: IONQ)는 Morgan Stanley와 Needham & Company와 함께 시장 내 주식 공모 프로그램을 수립하여 5억 달러까지의 보통주 판매를 허용했습니다. 양자 컴퓨팅의 선두주자는 이러한 대리인을 통해 시장 공모 또는 협상 거래를 통해 판매를 진행할 예정이며, 잠재적인 블록 거래도 포함됩니다.
회사는 일반 기업 용도로 순수익을 활용할 계획이며, 특히 양자 컴퓨팅 및 양자 네트워킹 사업의 확장에 집중할 것입니다. 이 프로그램은 2025년 2월 26일 SEC에 제출된 Form S-3 등록 성명서와 증권 보충서에 의해 지원됩니다.
IonQ (NYSE: IONQ) a établi un programme d'offre d'actions sur le marché avec Morgan Stanley et Needham & Company, permettant la vente d'actions ordinaires d'une valeur allant jusqu'à 500 millions de dollars. Le leader de l'informatique quantique effectuera des ventes par l'intermédiaire de ces agents via des offres de marché ou des transactions négociées, y compris des transactions en bloc potentielles.
L'entreprise prévoit d'utiliser le produit net pour des fins corporatives générales, en se concentrant particulièrement sur l'expansion de ses activités d'informatique quantique et de réseaux quantiques. Le programme est soutenu par une déclaration d'enregistrement Form S-3 et un supplément de prospectus déposé auprès de la SEC le 26 février 2025.
IonQ (NYSE: IONQ) hat ein At-the-Market-Aktienangebot mit Morgan Stanley und Needham & Company eingerichtet, das den Verkauf von Stammaktien im Wert von bis zu 500 Millionen Dollar ermöglicht. Der führende Anbieter im Bereich Quantencomputing wird Verkäufe über diese Agenten durch Marktangebote oder verhandelte Transaktionen, einschließlich potenzieller Blockgeschäfte, durchführen.
Das Unternehmen plant, die Nettoerlöse für allgemeine Unternehmenszwecke zu verwenden, mit besonderem Fokus auf die Skalierung seiner Quantencomputing- und Quanten-Netzwerkgeschäfte. Das Programm wird durch eine Form S-3-Registrierungsanmeldung und einen Prospektzusatz unterstützt, die am 26. Februar 2025 bei der SEC eingereicht wurden.
- Potential to raise up to $500M in additional capital
- Flexible funding mechanism through ATM program
- Proceeds to support business expansion in quantum computing
- Potential dilution of existing shareholders
- No guarantee of successful share sales
- Market-dependent pricing may impact total capital raised
Insights
IonQ's announcement of a $500 million at-the-market (ATM) equity offering program represents a significant capital raising initiative for a company with a $6.4 billion market cap, potentially diluting existing shareholders by up to 7.8% if fully utilized. This flexible financing mechanism allows IonQ to strategically sell shares at prevailing market prices over time, rather than through a traditional secondary offering at a fixed discount.
The timing of this capital raise is particularly notable as IonQ reported
IonQ faces intense competition from both well-funded startups like Rigetti and PsiQuantum and tech giants including IBM, Google, and Microsoft who have deeper pockets. This substantial capital infusion could enable IonQ to:
- Accelerate development of higher-qubit systems to maintain their technical advantages
- Expand manufacturing capacity for their trapped-ion quantum computers
- Enhance their quantum networking capabilities, a potentially differentiating technology
- Fund strategic acquisitions in the fragmented quantum ecosystem
The quantum computing market is projected to grow from approximately
The Company intends to use the net proceeds for general corporate purposes, which may include, among other things, scaling of its quantum computing and quantum networking businesses.
The shares will be offered through Morgan Stanley and Needham as sales agents. Sales may be made in transactions that are deemed to be “at the market” offerings as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended, including sales made directly on the NYSE or sales made to or through a market maker other than on an exchange or as otherwise agreed upon by the sales agents and us, or in negotiated transactions, which may include block trades.
There can be no assurance that the Company will issue and sell any shares under the ATM Program. The timing of any sales and the number of shares sold, if any, will depend on a variety of factors to be determined by the Company.
A registration statement on Form S-3 (File No. 333-285279) was filed with the SEC on February 26, 2025 and became automatically effective upon filing. A prospectus supplement and accompanying prospectus relating to the ATM Program was filed with the SEC on February 26, 2025. Prospective investors should read the prospectus supplement and accompanying prospectus, together with the documents incorporated by reference therein. Prospective investors may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street,
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About IonQ
IonQ, Inc. is a leader in the quantum computing and networking industries, delivering high-performance systems aimed at solving the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company’s innovative technology and rapid growth were recognized in Newsweek’s 2025 Excellence Index 1000, Forbes’ 2025 Most Successful Mid-Cap Companies list, and Built In’s 2025 100 Best Midsize Places to Work in
IonQ Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words "accelerate," “advancing,” “aims,” “delivering,” “ongoing,” “will,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the ATM Program and the use of proceeds of sales, if any, under the ATM Program. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. You should carefully consider the risks and uncertainties disclosed in the Company’s filings, including but not limited to those described in the prospectus supplement for the ATM Program, and the “Risk Factors” section of IonQ’s most recent Annual Report on Form 10-K and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise
View source version on businesswire.com: https://www.businesswire.com/news/home/20250226882622/en/
IonQ Media contact:
press@ionq.com
IonQ Investor Contact:
investors@ionq.com
Source: IonQ
FAQ
What is the size of IonQ's new ATM equity offering program?
How will IonQ use the proceeds from the ATM offering?
When did IonQ file the registration statement for the ATM program?
Which financial institutions are managing IONQ's ATM offering?
