D-Wave Regains Compliance with NYSE Continued Listing Standards
November 04 2024 - 7:00AM
Business Wire
D-Wave Quantum Inc. (NYSE: QBTS) (“D‑Wave”), a leader in
commercial quantum computing systems, software and services, today
announced it has regained compliance with the New York Stock
Exchange (“NYSE”) continued listing standard for minimum share
price under Section 802.01C of the NYSE Listed Company Manual.
On November 1, 2024, the NYSE provided D-Wave with a
notification letter of recompliance based on a calculation of the
Company’s average closing share price for the 30 trading days ended
October 31, 2024, which reflected an average closing share price
above the NYSE’s $1.00 minimum requirement.
D-Wave will continue to be traded on the NYSE, subject to its
continued compliance with all applicable listing standards.
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum
computing systems, software, and services, and is the world’s first
commercial supplier of quantum computers—and the only company
building both annealing quantum computers and gate-model quantum
computers. Our mission is to unlock the power of quantum computing
today to benefit business and society. We do this by delivering
customer value with practical quantum applications for problems as
diverse as logistics, artificial intelligence, materials sciences,
drug discovery, scheduling, cybersecurity, fault detection, and
financial modeling. D-Wave’s technology has been used by some of
the world’s most advanced organizations including Mastercard,
Deloitte, Davidson Technologies, ArcelorMittal, Siemens
Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd.,
DENSO, Lockheed Martin, Forschungszentrum Jülich, University of
Southern California, and Los Alamos National Laboratory. With its
Quantum Center of Excellence located near Vancouver, Canada,
D-Wave's global operations are based in Palo Alto, CA.
Forward-Looking Statements
Certain statements in this press release are forward-looking, as
defined in the Private Securities Litigation Reform Act of 1995.
These statements involve risks, uncertainties, and other factors
that may cause actual results to differ materially from the
information expressed or implied by these forward-looking
statements and may not be indicative of future results. These
forward-looking statements are subject to a number of risks and
uncertainties, including, among others, various factors beyond
management’s control, including the risks set forth under the
heading “Risk Factors” discussed under the caption “Item 1A. Risk
Factors” in Part I of our most recent Annual Report on Form 10-K or
any updates discussed under the caption “Item 1A. Risk Factors” in
Part II of our Quarterly Reports on Form 10-Q and in our other
filings with the SEC. Undue reliance should not be placed on the
forward-looking statements in this press release in making an
investment decision, which are based on information available to us
on the date hereof. We undertake no duty to update this information
unless required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241104233530/en/
Investor Contact: Kevin Hunt ir@dwavesys.com
Media Contact: Alex Daigle media@dwavesys.com
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