Seize the opportunity at a high price! D-Wave Quantum (QBTS.US) sells stocks to raise $150 million.

D-Wave Quantum (QBTS.US) has raised a total revenue of $150 million through an "at-the-market" equity offering plan. The $150 million ATM (at-the-market equity offering) plan began on January 15 and ended on January 21. The average price per share of the plan is $6.10, which is 3.7% higher than the volume-weighted average price of common stock over four days. Since Alphabet's Alphabet Inc. Class C introduced its Willow quantum computing chip, the sector's stock price has been soaring. The company's stock price has risen from less than $2 in November of last year to $10 at one point, before falling back to around $6. The company stated that these funds have been used and will continue to be used for operating expenses and capital expenditures, to support D-Wave's ongoing technology development work and business operations. Dr. Alan Baratz, CEO of D-Wave, said, "We believe that the completion of this equity offering provides us with the necessary funding to fully execute our operational plan, achieve sustained profitability, and positive cash flow." The company's current cash balance is approximately $320 million.