D-Wave Quantum Inc. 8K

D-Wave Quantum Inc. obtained a CHIPS Act award of up to $100 million from the U.S. Department of Commerce under an Other Transaction Agreement to support U.S.-based quantum microelectronics R&D, disbursed in milestone-based tranches with stringent federal compliance and oversight.

D-Wave Quantum Inc. entered into a $100,000,000 Other Transaction Agreement with the U.S. Department of Commerce under the CHIPS Act to fund a multi‑year project for advanced microelectronics research and development focused on superconducting quantum computers, with funding provided in tranches through the Treasury’s ASAP system upon achievement of specified milestones, extensive compliance, audit, security, intellectual property, and domestic production requirements, and a parallel Securities Issuance Agreement under which Commerce receives securities in D-Wave while retaining broad remedies (including repayment and termination) for non-compliance.

Filing Facts

CIK

1907982

Ticker

-

Form

8K

Source Type

sec

Accession

0001907982-26-000141

Alert Tier

7