D Wave Quantum SEC Filings

D-Wave Quantum Inc. announced it will redeem all outstanding public warrants at $0.01 per Warrant at 5:00 p.m. New York City time on November 19, 2025. As of October 17, 2025, approximately 5 million Warrants were outstanding. Holders may exercise until the deadline; unexercised Warrants will be void and paid the redemption price.

Each Warrant is exercisable for 1.4541326 shares of common stock for $11.50 per Warrant. If all Warrants are exercised, the company expects to issue approximately 7.2 million shares, resulting in less than 2.1% dilution. The redemption is permitted after the stock traded at or above $18.00 on at least twenty days within a thirty‑day period. The Warrants are expected to trade on the NYSE through November 17, 2025.

D‑Wave Quantum (QBTS) Form 4: EVP, Chief Legal Officer & GC Diane Nguyen reported a sale of Common Stock on 10/14/2025. The filing shows 20,827 shares sold at a weighted average price of $43.7434 to cover statutory tax withholding upon RSU vesting. The issuer mandates a “sell to cover” approach under its equity incentive plans, so this was not a discretionary trade.

Following the transaction, the reporting person beneficially owns 588,845 shares, which includes 230,863 unvested restricted stock units. The sales occurred in multiple trades between $43.65 and $44.06, and the ownership is held directly.

D-Wave Quantum Inc. (QBTS) reported an insider transaction by its Chief Financial Officer. On 10/14/2025, the CFO sold 7,994 shares of Common Stock at a weighted average price of $43.7434, with trades executed between $43.65 and $44.06. The filing states this was a mandated “sell to cover” to satisfy statutory tax withholding upon RSU vesting, not a discretionary trade.

Following the transaction, the officer beneficially owns 1,580,934 shares, which includes 764,065 unvested RSUs. Ownership is reported as direct.

D‑Wave Quantum (QBTS) insider transaction: President & CEO and Director Alan Baratz reported a sale of 31,369 shares of Common Stock on 10/14/2025 at a weighted average price of $43.7434. The filing states this was a mandated “sell to cover” to satisfy statutory tax withholding upon RSU vesting, not a discretionary trade. Following the transaction, he beneficially owned 2,801,265 shares, which includes 1,110,087 unvested RSUs. The reported sales occurred across prices ranging from $43.65 to $44.06.

D‑Wave Quantum (QBTS) announced an agreement with Swiss Quantum Technology SA to deploy an Advantage2 annealing quantum computer in Europe. The agreement represents a €10M quantum computing‑as‑a‑service commitment over approximately five years, with an option for SQT to purchase the system.

The Advantage2 system, featuring a 4,400+ qubit processor, will be accessible to customers via D‑Wave’s Leap real‑time quantum cloud service. The placement supports Italy’s newly formed Q‑Alliance initiative aimed at advancing national digital transformation. Company leadership highlighted the system’s capability to tackle complex problems and its energy‑efficient design. The disclosure was furnished under Regulation FD, and a press release is included as Exhibit 99.1.

D-Wave Quantum Inc. (QBTS) reported under Regulation FD that it was named a winner in Fast Company’s 2025 Next Big Things in Tech awards. The recognition, in the Computing, Chips and Foundational Technology category, highlights D-Wave’s 4400+ qubit Advantage2 annealing quantum computer.

Launched in May 2025, Advantage2 is being used by customers for optimization, materials simulation, and AI. The system features a Zephyr topology with 20-way connectivity designed for production deployment. The announcement was furnished, not filed, under Item 7.01.

D-Wave Quantum Inc. (QBTS) furnished an Item 7.01 update announcing it is a founding participant in Q-Alliance, described as “The Birth of the World’s Most Powerful Quantum Hub,” following a Memorandum of Understanding signed in Como, Italy. The initiative is tied to Italy’s digital and quantum strategy and aims to accelerate scientific discovery, industrial transformation, and digital sovereignty.

D-Wave highlights its production-grade annealing quantum computing as a core component to support application development and adoption. A related press release was included as Exhibit 99.1. The information was furnished, not filed, under the Exchange Act.

The Vanguard Group filed an amended Schedule 13G reporting passive ownership of common stock of D-Wave Quantum Inc. Vanguard states it beneficially owns 38,454,869 shares, representing 11.35% of the outstanding class, with 0 shares of sole voting power and 2,252,541 shares of shared voting power. Vanguard reports 35,864,890 shares of sole dispositive power and 2,589,979 shares of shared dispositive power, and certifies the holdings are in the ordinary course of business and not for the purpose of changing control. The filing is signed by Ashley Grim on 10/06/2025.