Quantum Computing said earlier this month that it entered agreements to sell $100 million of common stock to institutional investors.

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 27.82% of D-Wave Quantum Inc (QBTS)’s shares, while financial institutions hold 27.57%.

Bullish option flow detected in D-Wave Quantum (QBTS) with 27,945 calls trading, 1.2x expected, and implied vol increasing almost 3 points to

D-Wave Quantum Inc. (NYSE: QBTS) ("D-Wave" or the "Company"), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, today announced that it has successfully completed sales of $150 million in gross proceeds of its common stock pursuant to its previously disclosed $150 million "at-the-market" equity offering program (the "ATM Program").