D-Wave Systems to Go Public via Merger With DPCM Capital (SPAC) to Form D-Wave Quantum Inc

February 8, 2022

D-Wave Systems Inc. entered into a definitive agreement with DPCM Capital, Inc. to go public through a business combination with the SPAC. At closing, a newly formed parent company, D-Wave Quantum Inc., is expected to trade on the NYSE under the ticker “QBTS.” The combined company plans to use proceeds to accelerate in-production quantum applications and expand its commercial quantum computing platform.

Buyers
DPCM Capital, Inc., D-Wave Quantum Inc.
Targets
D-Wave Systems Inc.
Location
British Columbia, Canada
Transaction Type
Buyout

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