Stock market anomaly | Will sell $500 million in common stock Quantum Computing (QUBT.US) plunges over 14%

According to the Wisdom Finance APP, on Monday, Quantum Computing (QUBT.US) plummeted more than 14%, after a nearly 27% surge last Friday, now trading at $19.92. In terms of news, the company stated last Sunday that it had agreed to sell 26.9 million common shares to institutional investors at market price, with an estimated total revenue of $500 million. The company said that the net proceeds will be used to fund commercial activities, strategic acquisitions, personnel expansion, working capital, and general corporate purposes. This move may result in dilution of shareholder equity.