D-Wave Quantum stock slips as $550 million Quantum Circuits deal puts dilution in focus
D-Wave Quantum shares fell 3.1% Thursday after announcing a $550 million cash-and-stock deal to acquire Quantum Circuits. The stock traded between $28.66 and $30.44 on volume of 38.7 million shares. The deal’s stock portion uses a 10-day VWAP with a collar between $22.30 and $39.03 per share. Closing is expected in late January, pending antitrust review and shareholder approval.