Updated
Updated · Kalkine Media · Aug 21
Quantum Computing CEO Exercises 584,897 Warrants at $8.95, Lifting Stake to 21.5 Million Shares
Updated
Updated · Kalkine Media · Aug 21

Quantum Computing CEO Exercises 584,897 Warrants at $8.95, Lifting Stake to 21.5 Million Shares

1 articles · Updated · Kalkine Media · Aug 21

Summary

  • 584,897 vested warrants were exercised on Aug. 20 by Quantum Computing CEO Yuping Huang, converting them into common stock at $8.95 a share.
  • The filing says the warrants came from Quantum Computing's June 2022 acquisition of QPhoton and were recorded as a non-derivative stock acquisition after exercise.
  • 21,531,173 shares are now held directly by Huang, who is also the company's president, director and a 10% owner.
  • 15,316 warrants remain outstanding for Huang at the same $8.95 exercise price, with expiration set for June 16, 2027.

Sources

Kalkine Media15h ago
Quantum Computing CEO Yuping Huang Exercises Warrants for 584,897 Shares

Insights

With a billion-dollar war chest and skyrocketing revenues, what hidden commercial breakthrough is driving the QCi CEO's massive warrant exercise?
Why is QCi's CEO doubling down on his shares right as the company burns millions on a massive Arizona manufacturing gamble?

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Sources

1 total
Kalkine Media15h ago
Quantum Computing CEO Yuping Huang Exercises Warrants for 584,897 Shares

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