Technology

Quantum Computing, Inc. Announces Private Placement of Common Stock for Proceeds of $100 Million

Published

16 hours ago

January 8, 2025

HOBOKEN, N.J., Jan. 7, 2025 /PRNewswire/ — Quantum Computing Inc. (“QCi” or the “Company”) (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 8,163,266 shares of common stock in a private placement at a purchase price of $12.25 per share. The offering is expected to result in gross proceeds of $100 million, before deducting offering expenses. The closing of the offering is expected to occur on or about January 9, 2025, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. With the anticipated net proceeds, combined with existing cash reserves, the Company expects to have sufficient resources to continue advancing and expanding the development and manufacturing of its photonics, thin-film lithium niobate (TFLN), and quantum technologies.

“This successful $100 million offering is priced at substantial premiums to our two recent offerings, bringing our total gross capital raised since November to $190 million,” said Mr. Chris Boehmler, CFO of QCi. “These funds further fortify our financial position and enable us to execute our multi-year growth plan, including investment in our longer-term initiatives, and thereby capitalize on the considerable opportunities in the TFLN photonic chip and quantum computing markets.”

Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering.

The securities issued in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Company has agreed to file a resale registration statement with the SEC for purposes of registering the resale of the shares of common stock issued in connection with the private placement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy 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.

For investor relations inquiries, contact John Nesbett at qci@imsinvestorrelations.com, and for public relations inquiries, contact Jessica Tocco at jessica.tocco@a10associates.com.

About Quantum Computing Inc.

Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi’s products are designed to operate at room temperature and low power at an affordable cost. The Company’s portfolio of core technology and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications

Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “intends,” “goal,” “objective,” “seek,” “attempt,” “aim to,” or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding and including statements regarding the expected closing of the offering and QCi’s use of the net proceeds from the offering. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, without limitation, the risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the offering, as well as risks and uncertainties inherent in the QCi’s business, including the timing of commencing production at our TFLN fabrication facility, the timing of the advancement of our high-performance computing products, and the outcome of ongoing collaborations and demonstration projects with certain U.S. government agencies, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

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SOURCE Quantum Computing Inc.

Technology

AG Touring & Mammoth Live Expands Rod Wave’s “Last Lap” Tour with Second Leg

Published

40 minutes ago

January 8, 2025

“Last Lap” Tour Features Special Guests, Including MoneyBagg Yo, Toosii, Lil Poppa, Dess Dior, and Eelmatic

Rod Wave Announces Second Leg of Sold-Out ‘Last Lap’ Tour

ATLANTA, Jan. 8, 2025 /PRNewswire/ — AG Touring & Mammoth Live are excited to announce the highly anticipated second leg of Rod Wave’s critically acclaimed ‘Last Lap’ tour. Following a triumphant sold-out first leg, the 19-city extension kicked off on January 5 in Sacramento, CA, and will continue through February 25, concluding in Greensboro, NC.

Rod Wave, celebrated for his emotionally raw lyricism and soulful delivery, has solidified his position as one of today’s most influential voices in hip-hop and R&B. Joining him on this extended journey are powerhouse support acts Moneybagg Yo, Toosii, Lil Poppa, Dess Dior, and Eelmatic, ensuring fans an unforgettable concert experience.

The first leg of the ‘Last Lap’ tour received glowing praise from fans and media alike:

St. Louis American: “A Vibe.”Dallas Observer: “Rod Wave’s ‘Last Lap Tour’ Delivers an Experience to Last a Lifetime.”South Florida Insider: “Rod Wave’s Last Lap tour was straight fire, and the final show at the Amerant Bank Arena in Sunrise, Florida, was everything a fan could’ve hoped for.”

With chart-topping hits and deeply resonant storytelling, Rod Wave continues to captivate audiences across the nation. Don’t miss your chance to witness the ‘Last Lap’ tour live in 2025.

For ticket information and the latest updates, visit here.

Stay tuned for more updates on Rod Wave, and listen to his latest project, Last Lap, here.

Rod Wave – Last Lap Tour Dates (Second Leg)

Sunday, January 5

Sacramento

Monday, January 6

Oakland

Wednesday, January 8

Inglewood, CA

Monday, January 13

Denver, CO

Wednesday, January 15

Austin, TX

Saturday, January 18

Dallas, TX

Monday, January 20

Lafayette, LA

Tuesday, January 28

Nashville, TN

Saturday, February 1

Detroit, MI

Tuesday, February 4

Milwaukee, WI

Thursday, February 6

Indianapolis, IN

Monday, February 10

Chicago, IL

Wednesday, February 12

Pittsburgh, PA

Friday, February 14

Brooklyn, NY

Sunday, February 16

Newark, NJ

Tuesday, February 18

Louisville, KY

Thursday, February 20

Cleveland, OH

Saturday, February 22

Charlottsville, VA

Tuesday, February 25

Greensboro, NC

About Rod Wave
Blessed with a special singing voice and an uncanny gift for songwriting, Florida’s Rod Wave is taking his own path to the top of the game. The St. Petersburg native, who has amassed over 21 billion streams to date, joined Taylor Swift as the only 2 artists to top the Billboard albums chart between 2021-2023. Rod’s last album, Nostalgia, topped the chart 2 weeks in a row and cemented his status as one of the pioneers of “pain music.” He first erupted onto the scene with the viral 4x-platinum “Heart On Ice,” which culminated a prolific run of 3 full-length projects in a 12 month span. His debut album, Pray 4 Love, was certified platinum within a year of release, propelled by the TikTok crossover moment “Rags2Riches,” and the follow up, SoulFly, became Rod’s first-ever #1 Billboard charting album. Known for his fiercely loyal fanbase, Rod’s extensive touring history includes 2 consecutive nationwide arena tours, grossing tens of millions of dollars on the road.

About Grizzly Touring
Grizzly Touring is the result of a powerful collaboration between AG Touring, Mammoth, and CTS Eventim, combining their unique strengths to create a dynamic force in the live event industry. AG Touring, based in Atlanta, Georgia, brings extensive expertise in club and tour promotions, with a proven track record of quality business practices, innovative marketing strategies, and an acute eye for talent that resonates with audiences. Since its launch in 2006, Mammoth has made its mark producing a wide range of events, from national tours to major festivals, with offices across the U.S. in Lawrence, Kansas City, New York, Los Angeles, and the Pacific Northwest. CTS Eventim, holding a majority stake in both companies, enhances the partnership by providing access to its vast global network, offering world-class expertise in live events, ticketing services, and logistical support. This collaboration further strengthens Eventim Live’s presence in the U.S. market, aligning AG Entertainment’s marketing acumen with Mammoth’s production capabilities, and leveraging Eventim’s international reach to bring top-tier tours and events to American audiences and beyond. Together, they form Grizzly Touring, a powerhouse in live entertainment poised to redefine the concert and festival experience on a global scale.

Follow Rod Wave
INSTAGRAM
FACEBOOK
TWITTER
TIKTOK
YOUTUBE

Grizzly Touring Contact:
Tresa Sanders, Tremedia @ tresa@tre-media.net
Hajji McQueen, Tremedia @ publicity@tre-media.net

Rod Wave Publicity contact:
Dharmic Jain, Alamo Records @ dharmic@alamo-records.com
Gabe Tesoriero @ GT@screamingtarget.co

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SOURCE AG Entertainment

Technology

XbotPark Showcases Over 30 Incubated Hardware Startups at CES 2025

Published

40 minutes ago

January 8, 2025

LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — XbotPark, a leading startup incubator specializing in robotics and smart hardware, debuted over 30 incubated startups and its supply chain platform at CES 2025. This milestone demonstrates its commitment to supporting hardware innovators, entrepreneurs and startups in realizing their idea from concept to commercialization.

“This marks the first time XbotPark has brought its esteemed incubatees together at CES to demonstrate their cutting-edge smart devices,” stated Zexiang Li, founder of XbotPark and professor at HKUST. “XbotPark offers emerging entrepreneurs a full range of resources, including comprehensive mentorship program, robust supply chain solutions, funding and other support to help them thrive.”

Embracing a Global Vision From the Beginning

At CES 2025, XbotPark presented a diverse portfolio of groundbreaking projects, reflecting its deep understanding of user needs and the seamless integration of smart technology into daily life. Highlights included:

PETPA Multi-Pet Feeder: A CES 2025 Innovation Award Honoree, revolutionizing feeding time for multi-pet households.LOOI Robot: Transforming smartphones into desktop robots.SPARKY: A bionically-inspired robot dog offering flexibility, open-source design, and enhanced play possibilities.Lissome R1: Utilizing the world’s first jet sweeping technology to wash and dry dishes in 15 minutes.RheoFit A1: The world’s first intelligent rolling massage device.FLY WING: A hyper-realistic cockpit equipped with a movable joystick, attitude indicator, and VR head-tracking technology.LiberLive: The world’s first stringless smart guitar.Roamate: The world’s lightest multifunctional mobility aid.

A History of Success

Since its founding in 2014, XbotPark has successfully incubated over 80 companies, including six unicorns valued at $1 billion or more, such as NARWAL, HAI ROBOTICS, CiDi, EcoFlow.

“Historically, Chinese products prioritized the domestic market before global expansion. Today, our startups are designing products for global audience from the very beginning, incorporating a deep understanding of regional consumer needs,” explained XbotPark founder, Professor Zexiang Li. He emphasized the significance of CES as a platform for startups: “While Narwal and EcoFlow were already well-known in China, CES played a crucial role in their global recognition. This year, we are empowering more startups to leverage CES to connect with customers, gain media exposure, and propel themselves to the forefront of their industries.”

Removing Barriers to Turn Dreams into Reality

XbotPark has cultivated a robust ecosystem designed to empower early-stage entrepreneurs to overcome the key challenges of “product definition” and “mass production” in their entrepreneurial journeys.

Leveraging its network of bases across China, XbotPark offers mentorship programs to guide early-stage founders in developing user-oriented mindsets, refining product definitions, and strategizing development and prototyping.

In addition, XbotPark offers XCM (XbotPark Collaborative Manufacture), a one-stop manufacturing solution powered by a network of over 100 supply chain partners.

“XbotPark empowers startups to develop truly original products that often define entirely new categories, pushing the boundaries of technological complexity,” said Professor Zexiang Li. “This commitment to innovation requires a robust support infrastructure, such as XCM, which helps startups overcome manufacturing hurdles. At CES 2025, we look forward to connecting with international partners who can benefit from these valuable resources.”

XCM has empowered over 50 startups to ship a total of 260,000 units, maintaining a 100% on-time delivery rate for crowdfunded projects and significantly accelerating their product development cycles.

For example, LiberLive’s success exemplifies how XCM can help startups scale rapidly. By utilizing XCM’s resources, LiberLive rapidly scaled production from a few hundred to tens of thousands of units, capturing a key market opportunity.

XbotPark’s presence at CES 2025 exemplifies its commitment to removing barriers and turning dreams into reality for hardware innovators worldwide. By providing comprehensive support and a global platform, XbotPark is empowering the next generation of technology leaders.

XbotPark at CES 2025:

XbotPark and its incubator companies are located at:
Venetian Expo, Hall G – 63518

The XbotPark Collaborative Manufacture (XCM) exhibit is located at:
LVCC, South Hall 3 – 41026

About XbotPark

Since its founding in 2014, XbotPark has been a global force in incubating robotics and smart hardware startups. With a proven track record of incubating over 80 companies—including six unicorns such as NARWAL, HAI ROBOTICS, CiDi, and EcoFlow—XbotPark provides the resources and guidance startups need to scale from concept to mass production.

Learn more: XbotPark.com.

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SOURCE XbotPark

Technology

TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE 27TH ANNUAL NEEDHAM GROWTH CONFERENCE

Published

40 minutes ago

January 8, 2025

THE WOODLANDS, Texas, Jan. 8, 2025 /PRNewswire/ — TETRA Technologies, Inc. (“TETRA” or the “Company”) (NYSE: TTI) announced that its senior management will participate at the 27th Annual Needham Growth Conference in New York on January 14th and 15th, 2025.

Brady Murphy, Chief Executive Officer, and Elijio Serrano, Chief Financial Officer will be hosting one-on-one meetings on January 14 and 15 and will present on January 14 from 8:45 A.M. to 9:25 A.M. (ET) in the Rutherford meeting room. The Company’s presentation will be webcast as follows: Webcast Link.

To register for one-on-one meetings with management at the Lotte New York Palace Hotel in New York City (455 Madison Avenue at 50th Street), interested parties should contact conferences@needhamco.com.

Company Overview

TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people’s lives better. With operations on six continents, the Company’s portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company’s website at www.onetetra.com for more information or connect with us on LinkedIn.

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SOURCE TETRA Technologies, Inc.