IonQ Inc. has completed a $1 billion equity offering priced at $55.49 per share, including pre-funded warrants, representing a 25% premium over its July 3 closing price. The offering, conducted with Heights Capital Management, an affiliate of Susquehanna International Group, also includes 36 million seven-year warrants exercisable at $99.88 per share. This transaction increases IonQ's pro-forma cash position to approximately $1.68 billion, marking the largest single equity investment in the quantum computing sector. The company intends to use the proceeds to accelerate its development in quantum networking, a field seen as critical because all quantum computing vendors require networking capabilities. In addition to the equity offering, IonQ recently completed the acquisition of Capella Space, advancing its vision for space-based quantum communications. Furthermore, IonQ has formed a strategic alliance with Australia's Emergence Quantum to expand its presence in the Asia-Pacific region. This partnership focuses on co-developing next-generation electronics and materials to enhance ion trap technology, improve qubit control, and increase system capacity.
Just in: IonQ $IONQ partners with Australia's Emergence Quantum to advance ion trap tech. The collaboration aims to co-develop next-gen electronics and materials, enhancing qubit control and system capacity.
$IONQ (+2.5% pre) IonQ partners with Emergence Quantum to expand APAC presence https://t.co/EPDTu5tR3S
📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $IONQ IonQ and Emergence Quantum Forge Alliance to Boost Australia's Quantum Industry https://t.co/FhEYSIryFI