Quantum Computing (QUBT) Shares Slide Following $200M Private Placement Announcement

Shares of Quantum Computing Inc (NASDAQ:QUBT) shares are trading lower by 9.16% to $17.15 on Monday afternoon after the company announced a $200 million private placement.

What To Know: The quantum photonics and optics firm disclosed it had entered into securities purchase agreements with institutional investors to sell approximately 14 million shares of common stock at $14.25 per share.

The private placement, expected to close on or around June 24 pending standard closing conditions, is designed to bolster the company's financial resources. Quantum Computing said it plans to use the proceeds to accelerate commercialization initiatives, fund strategic acquisitions and support working capital and other corporate needs.

Titan Partners Group is serving as the sole placement agent for the transaction. The discounted share price in the offering is likely contributing to the sharp drop in QUBT's stock value during Monday's session.

According to data from Benzinga Pro, QUBT has a 52-week high of $27.15 and a 52-week low of $0.35.

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How To Buy QUBT Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Quantum Computing’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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