IonQ Reiterates Unwavering Commitment to Building the Quantum Future

Rhea-AI Summary

IonQ (NYSE: IONQ) issued a statement in response to a short-seller report by Scorpion Capital, citing inaccuracies about its business and progress. The report's author has a financial incentive for IonQ's stock price to decline. IonQ urges investors to consult credible sources, particularly its SEC filings, before making decisions. Despite the negative report, IonQ's leadership remains confident in the company's mission and commitment to quantum computing. IonQ plans to discuss its advancements in an upcoming earnings call on May 16th.

Positive

• Strong commitment to ongoing research and development in quantum computing.
• Leadership expresses confidence in the integrity and progress of the company.
• Plans to provide updates on business advancements in the upcoming earnings call.

Negative

• Short-seller report may cause negative sentiment among investors.

COLLEGE PARK, Md.--(BUSINESS WIRE)-- Today, IonQ (NYSE: IONQ) shared a statement on the short seller report published yesterday.

IonQ is building quantum computing for today and for the future. The Company is focused on serving its leading-edge customers, educating people about the inherent potential of quantum computing, and bringing value to its investors.

Yesterday, a report was issued by Scorpion Capital containing important inaccuracies and mischaracterizations regarding IonQ’s business and progress to date. The report’s author has preemptively disclosed that it stands to profit in the event that the stock price of IonQ declines. IonQ cautions investors to not make decisions based on this report and instead strongly encourages them to consult credible sources, including IonQ’s filings with the U.S. Securities and Exchange Commission, prior to making their investment decisions.

“I have the utmost confidence in the IonQ team and their integrity, commitment to ongoing research and patented inventions, and accomplishments that benefit IonQ’s customers and partners,” said Dr. Craig Barratt, Chair of the IonQ Board of Directors.

IonQ is here for the long haul — the Company’s mission is rooted in science, and the team remains focused on delivering its promise to be a leader in the quantum computing industry. IonQ’s leadership team looks forward to discussing recent progress during the upcoming earnings call on May 16th.

The Company will not be providing further comment on the report at this time as it maintains its focus on building its business and delivering exceptional products and services for customers and partners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220504006319/en/

IonQ Media Contact:

Dillon Olagaray

Mission North

press@ionq.co

IonQ Investor Contact:

investors@ionq.co

Source: IonQ

FAQ

What did IonQ say about the Scorpion Capital report?

IonQ described the report as containing inaccuracies and mischaracterizations regarding its business.

What should investors do in light of the report?

IonQ advises investors to consult credible sources, including its SEC filings, before making investment decisions.

When will IonQ discuss its business progress?

IonQ plans to discuss recent developments during its earnings call on May 16th.

Who authored the report that IonQ responded to?

The report was authored by Scorpion Capital.

What is IonQ's focus as a company?

IonQ focuses on building quantum computing solutions and serving its customers while supporting investors.