D-Wave said it expects to raise up to $340M in gross proceeds from the deal, including a $40M private placement in public equity from PSP Investments, Goldman Sachs Asset Management, NEC Corporation, Yorkville Advisors and Aegis Group Partners.
Quantum computing firm D-Wave Systems Inc said on Tuesday it had agreed to go public by merging with blank-check company DPCM Capital in a deal that values the combined company at nearly $1.6 billion.
For more than 20 years, D-Wave has been synonymous with quantum annealing. Its early bet on this technology allowed it to become the world’s first company to sell quantum computers, but that also somewhat limited the real-world problems its hardware could solve, given that quantum annealing w…
