Insider Brief
- IonQ priced a $2 billion equity offering comprising 20.5 million common shares at $40 each, pre-funded warrants for 29.5 million shares at $40 each, and seven-year warrants for 100 million additional shares.
- The offering will be purchased by an entity managed by Heights Capital Management, with J.P. Morgan serving as the sole underwriter.
- IonQ said the proceeds will support commercialization of its quantum computing, networking, sensing and security businesses, while the offering includes warrants exercisable at $69.46 per share.
PRESS RELEASE — IonQ (NYSE: IONQ), a leading full-stack quantum platform and foundry, today announced the pricing of a $2.0 billion equity offering.
“This investment will accelerate the commercialization of our full-stack quantum platform and is a tremendous vote of confidence in the trailblazing innovation that has defined IonQ ,” said Niccolo de Masi, Chairman and CEO of IonQ. “The significance of this raise goes beyond its size — giving IonQ additional strategic flexibility as the best-capitalized pure-play quantum company. Our advancement to Stage C of DARPA’s Quantum Benchmarking Initiative and NVIDIA partnership are both significant votes of confidence in our near-term technology roadmap.” De Masi continued, “With Q-Day quickly approaching, we are investing to advance the long-term path to profitability of our full-stack quantum computing, networking, sensing and security platform. IonQ is positioned to create strong value for shareholders by helping customers protect themselves today as we lead the way to manufacturing and deploying utility-scale quantum computing.”
The offering consists of 20,500,000 shares of IonQ ’s common stock, each at $40.00 per share, and pre-funded warrants to purchase 29,500,000 shares of IonQ’s common stock, each at $40.00 per pre-funded warrant, each representing a premium of approximately 15% to IonQ’s closing stock price on October 13, 2026, as well as seven-year warrants to purchase 100,000,000 additional shares of IonQ’s common stock, which warrants will be exercisable at an exercise price of $69.46 per share, which exercise price represents a premium of 100% to IonQ’s closing stock price on October 13, 2026. The securities offered will be purchased from the underwriter by an entity managed by Heights Capital Management, Inc. (the “investor”).
J.P. Morgan acted as the sole underwriter in the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to IonQ . Simpson Thacher & Bartlett LLP acted as legal counsel to J.P. Morgan. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to the investor.
A shelf registration statement (including a prospectus) relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and is effective. Before investing, interested parties should read the prospectus supplement and accompanying prospectus and other documents filed with the SEC for information about IonQ and this offering. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov . Alternatively, a copy may be obtained from J.P. Morgan Securities LLC, 270 Park Avenue, New York, NY 10017, or by email at [email protected] or [email protected] .
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.