D-Wave completes redemption of all public warrants

D-Wave Quantum Inc. (NYSE: QBTS) completed the redemption of all outstanding public warrants to purchase shares of common stock at 5 p.m. New York City time on November 19, 2025.

Of the warrants outstanding prior to D-Wave's October 20, 2025 redemption announcement, 4,746,358 warrants were exercised for approximately 6.9 million shares of common stock at $11.50 per warrant. This generated cash proceeds of approximately $54.6 million for the company.

A total of 270,820 warrants remained unexercised as of the redemption date. The company redeemed these warrants for $0.01 per warrant, totaling $2,708.20 in aggregate redemption payments.

The warrants ceased trading on the New York Stock Exchange and will be delisted, with trading suspension effective November 18, 2025. D-Wave's common stock continues to trade on NYSE under the symbol "QBTS."

Following the redemption, no warrants remain outstanding. The information is based on a company press release.

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