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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________________________
FORM 8-K
_____________________________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 29, 2024
_____________________________________________________________
D-Wave Quantum Inc.
(Exact Name of Registrant as Specified in Its Charter)
_____________________________________________________________
Delaware001-4146888-1068854
(State or other jurisdiction of incorporation or organization)(Commission File Number)(I.R.S. Employer Identification No.)
2650 East Bayshore Road
Palo Alto, California
94303
(Address of principal executive offices)
(604) 630-1428
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
_____________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.0001 per shareQBTSNew York Stock Exchange
Warrants, each whole warrant exercisable for 1.4541326 shares of common stock at an exercise price of $11.50QBTS.WTNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth companyx
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o


Item 7.01 Regulation FD Disclosure.
On May 29, 2024, D-Wave Quantum Inc. (“D-Wave”) issued a press release announcing that it has been featured in a Wall Street Journal article on quantum computing titled “Quantum Computing Gets Real: It Could Even Shorten Your Airport Connection,” which highlighted its technology’s strengths in tackling real-world optimization problems. The article also highlighted recent research from D-Wave, citing it as an example of a computational supremacy claim that, according to a source interviewed for the article, is “actually the strongest” of all the computational supremacy claims so far. A copy of the press release is attached as Exhibit 99.1.
The information in this Item 7.01 to this Current Report on Form 8-K is intended to be furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit No. Description
 Press release, dated May 29, 2024.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).






SIGNATURES
           Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 29, 2024
D-Wave Quantum Inc.
By:
/s/ Alan Baratz
Name:
Alan Baratz
Title:
President & Chief Executive Officer



D-Wave Quantum Featured in The Wall Street Journal

PALO ALTO, Calif. – May 29, 2024 -- 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 been featured in a Wall Street Journal article on quantum computing, which highlighted its technology’s strengths in tackling real-world optimization problems.

The article, titled “Quantum Computing Gets Real: It Could Even Shorten Your Airport Connection,” showcases how recent technological advances are enabling businesses and researchers to explore quantum computing for practical use cases. It specifically notes how D-Wave customers have used its annealing quantum computing technology to address optimization problems including grocery store driver delivery scheduling, cross-country promotional tour routing, and cargo-handling at one of the United States’ busiest ports. The article also highlights recent research from D-Wave, citing it as an example of a computational supremacy claim that, according to a source interviewed for the article, is “actually the strongest” of all the computational supremacy claims so far.

The story comes as D-Wave continues to be a leader in the commercialization of quantum computing. D-Wave’s Advantage™ quantum computer, currently the world’s largest quantum computer (5,000+ qubits), and its Leap™ real-time quantum cloud service are in market today, helping customers accelerate the adoption and deployment of quantum and hybrid-quantum applications. D-Wave has already taken a customer’s commercial application into production, meaning its systems are used to facilitate its customers’ daily operations. D-Wave is also the only company commercially offering annealing quantum computing, which is uniquely suited to solve optimization problems, challenges that are pervasive within commercial enterprises.

“This acknowledgment by The Wall Street Journal of quantum’s growing relevance and importance reflects what we’re seeing with our customers — a steadily increasing appetite and enthusiasm to harness the power of quantum to solve their most computationally complex problems,” said Dr. Alan Baratz, CEO of D-Wave. “We believe there is no other company right now in the world delivering the same level of commercial-grade, production-ready quantum technology as D-Wave. It’s an incredibly important moment for the industry, and this recognition of D-Wave’s leadership is gratifying.”

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.




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.

Media Contact:
D-Wave
Alex Daigle
media@dwavesys.com



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Cover
May 29, 2024
Entity Listings [Line Items]  
Document Type 8-K
Document Period End Date May 29, 2024
Entity Registrant Name D-Wave Quantum Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-41468
Entity Tax Identification Number 88-1068854
Entity Address, Address Line One 2650 East Bayshore Road
Entity Address, City or Town Palo Alto
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94303
City Area Code 604
Local Phone Number 630-1428
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Entity Ex Transition Period false
Entity Central Index Key 0001907982
Amendment Flag false
Common Stock  
Entity Listings [Line Items]  
Title of 12(b) Security Common stock, par value $0.0001 per share
Trading Symbol QBTS
Security Exchange Name NYSE
Warrant  
Entity Listings [Line Items]  
Title of 12(b) Security Warrants, each whole warrant exercisable for 1.4541326 shares of common stock at an exercise price of $11.50
Trading Symbol QBTS.WT
Security Exchange Name NYSE
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