D-Wave Quantum Stock Drops 11.22% in Three Days, Ranks 44th in Trading Volume

On June 11, 2025, D-Wave Quantum (QBTS) experienced a decline of 2.36%, marking its third consecutive day of losses, with a cumulative drop of 11.22% over the past three days. The trading volume for the day was 14.54 billion, placing it 44th in the overall market rankings.

D-Wave Quantum has recently entered into a significant stock sales agreement, aiming to raise up to $400 million. This agreement, finalized on June 10, 2025, involves multiple sales agents, including Needham, Evercore, TD Securities, Canaccord Genuity, Mizuho Securities, and Piper. The proceeds from this sale will be used to support the company's corporate purposes and its path to profitability.

This strategic move comes as the company continues to navigate the complexities of the market, with investors closely monitoring its financial health and future prospects. The stock sales agreement is a crucial step in securing the necessary funds to drive growth and innovation, despite the recent market volatility.