D-Wave Quantum Inc., a pioneer in commercial quantum computing systems, software, and services, has regained compliance with the New York Stock Exchange’s continued listing standard for minimum share price. The company’s average closing share price exceeded the NYSE’s $1.00 minimum requirement over 30 trading days ended October 31, 2024. As a result, D-Wave will continue to be traded on the NYSE, subject to its ongoing compliance with all applicable listing standards.
D-Wave is a leader in developing and delivering quantum computing systems, software, and services, offering both annealing quantum computers and gate-model quantum computers. The company’s technology has been used by prominent organizations such as Mastercard, Deloitte, and Lockheed Martin to solve complex problems in logistics, artificial intelligence, materials sciences, and more. With its Quantum Center of Excellence near Vancouver, Canada, D-Wave is poised to unlock the power of quantum computing for businesses and society.
D-Wave Quantum Inc. Regains Compliance with NYSE Listing Standards
D-Wave Quantum Inc., a company specializing in commercial quantum computing systems, software, and services, has announced that it has regained compliance with the New York Stock Exchange (NYSE) continued listing standard for minimum share price under Section 802.01C of the NYSE Listed Company Manual. This development follows a notification letter from the NYSE on November 1, 2024, which confirmed that D-Wave’s average closing share price for the 30 trading days ended October 31, 2024, exceeded the NYSE’s $1.00 minimum requirement.
The company’s shares will continue to be traded on the NYSE, subject to its continued compliance with all applicable listing standards. This news is significant for D-Wave, as it ensures that the company can maintain its listing on the exchange and avoid potential delisting. The NYSE’s listing standards are designed to ensure that listed companies meet certain financial and governance requirements, and D-Wave’s compliance with these standards demonstrates its commitment to transparency and accountability.
D-Wave’s quantum computing systems, software, and services have been used by several prominent organizations, including Mastercard, Deloitte, and Lockheed Martin. The company’s technology has applications in various fields, such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. With its Quantum Center of Excellence located near Vancouver, Canada, D-Wave’s global operations are based in Palo Alto, CA.
It is worth noting that the company’s forward-looking statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these statements. These risks include various factors beyond management’s control, such as those discussed under the heading “Risk Factors” in Part I of D-Wave’s most recent Annual Report on Form 10-K.
D-Wave Quantum Inc. is a company that specializes in the development and delivery of quantum computing systems, software, and services. The company is known for being the world’s first commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. D-Wave’s mission is to unlock the power of quantum computing today to benefit business and society.
The company’s technology has been used by several prominent 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. D-Wave’s global operations are based in Palo Alto, CA, with its Quantum Center of Excellence located near Vancouver, Canada.
D-Wave’s quantum computing systems have applications in various fields, such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. The company’s technology has the potential to revolutionize these industries by providing faster and more efficient solutions to complex problems.
Quantum Computing Systems and Applications
Quantum computing is a rapidly growing field that has the potential to transform various industries. D-Wave’s quantum computing systems are designed to provide faster and more efficient solutions to complex problems in logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling.
The company’s annealing quantum computers and gate-model quantum computers are designed to tackle different problems. Annealing quantum computers are particularly well-suited for optimization problems, while gate-model quantum computers are better suited for simulation and machine learning tasks.
D-Wave’s technology has been used by several prominent organizations, including Mastercard, Deloitte, and Lockheed Martin. The company’s quantum computing systems have the potential to revolutionize these industries by providing faster and more efficient solutions to complex problems.
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