D-Wave Quantum Inc has regained compliance with the New York Stock Exchange (NYSE) listing standards. The company’s share price was at least $1.00 on June 30, 2023, meeting the NYSE’s minimum requirement. D-Wave, the world’s first commercial supplier of quantum computers, provides quantum computing systems, software, and services to various organisations, including Volkswagen, Mastercard, and Lockheed Martin. The company will continue to be traded on the NYSE, subject to ongoing compliance with listing standards. The company went public via a SPAC in 2022, but its share price dipped significantly.
D-Wave Quantum Inc. Regains NYSE Compliance
This compliance is based on the company’s share price being at least $1.00 on June 30, 2023, and a calculation of the company’s average closing price for the 30 trading days ended June 30, 2023, which reflected an average closing price above the NYSE’s $1.00 minimum requirement. D-Wave will continue to be traded on the NYSE, subject to its continued compliance with all applicable listing standards.
D-Wave Quantum Inc. is a company that specialises in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. The company’s mission is to unlock the power of quantum computing today to benefit business and society.
D-Wave’s technology is being used by some of the world’s most largest organisations, including Volkswagen, 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. The company delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modelling.
“On July 3, 2023, the NYSE provided D-Wave with a notification letter of recompliance based on (1) the Company’s share price being at least $1.00 on June 30, 2023, and (2) a calculation of the Company’s average closing price for the 30 trading days ended June 30, 2023, which reflected an average closing price above the NYSE’s $1.00 minimum requirement.”
D-Wave Quantum Inc.
Quick Summary
D-Wave Quantum Inc., a leading commercial quantum computing company, has regained compliance with the New York Stock Exchange (NYSE) by meeting its minimum share price listing standard. The company, which provides quantum computing systems, software, and services, will continue to be traded on the NYSE, subject to ongoing compliance with all applicable listing standards.
- D-Wave Quantum Inc., a leading commercial quantum computing company, has regained compliance with the New York Stock Exchange (NYSE) listing standards.
- The company received notification of recompliance from the NYSE on July 3, 2023, based on its share price and average closing price meeting the minimum requirement.
- D-Wave will continue to be traded on the NYSE, subject to its continued compliance with all applicable listing standards.
- D-Wave is the world’s first commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers.
- The company’s technology is used by advanced organizations worldwide, including Volkswagen, 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.
- The company’s forward-looking statements are subject to several risks and uncertainties, including general economic conditions, customer adoption, competition, and the need for additional capital.
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