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Quantum Computing Dives After $40M Stock Offering - What's Going On?

Benzinga
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Quantum Computing Inc. ( NASDAQ : QUBT ) shares are declining premarket on Friday .

Yesterday , the company disclosed a securities purchase agreement to sell 16 million shares of common stock at $ 2.50 per share.

The company expects to generate gross proceeds of $40 million .

The offering is expected to close on or around November 18, 2024 .