D-Wave Quantum Inc. (NYSE: QBTS) has announced the redemption of all outstanding public warrants to purchase shares of the company's common stock. As of October 17, 2025, approximately 5 million warrants were outstanding. The redemption date is set for November 19, 2025, with a redemption price of $0.01 per warrant.
If all the outstanding warrants are exercised, approximately 7.2 million shares of common stock will be issued, resulting in less than 2.1% dilution to existing shareholders. This move is expected to streamline D-Wave's capital structure, with November 17, 2025, anticipated to be the last day on which the warrants will be traded on the New York Stock Exchange.
D-Wave Quantum Inc. is a leader in the development and delivery of quantum computing systems, software, and services. As the world's first commercial supplier of quantum computers, the company's quantum computers feature qpus with sub-second response times and can be deployed on-premises or accessed through their quantum cloud service, which offers 99.9% availability and uptime. With over 200 million problems submitted to their quantum systems to date, the company has gained the trust of more than 100 organizations for addressing use cases spanning optimization, artificial intelligence, research, and more. Following these announcements, the company's shares moved -5.26%, and are now trading at a price of $38.33. If you want to know more, read the company's complete 8-K report here.
