D-Wave Quantum stock drops after $550M Quantum Circuits deal; QBTS eyes Jan. 27 Qubits event
D-Wave Quantum shares dropped 3.8% to $29.05 after announcing a $550 million cash-and-stock deal to acquire Quantum Circuits. The agreement sets the stock portion between $22.30 and $39.03 per share, pending antitrust review. Investors await further updates at the Qubits 2026 conference on Jan. 27-28.