10 Stocks That Made Millionaires in Just a Week

8. IonQ Inc. (NYSE:IONQ)

Shares of IonQ Inc. (NYSE:IONQ) jumped by 33.04 percent week-on-week to touch a new record high after officially securing the green light of the UK government for its $1 billion acquisition of Oxford Ionics.

In a statement, the company said the UK Investment Security Unit officially approved the proposed acquisition, having satisfied all the regulatory requirements.

IonQ Inc. (NYSE:IONQ) said it expects to close the transaction in the near term.

Earlier in June, IonQ Inc. (NYSE:IONQ) announced that it was acquiring Oxford Ionics in line with its plans to expand its research expertise in the quantum computing sector.

The acquisition will be paid in a mix of cash and stock transactions, with the number of shares to depend on the stock price over a 20-day period before the deal closes.

Oxford Ionics’ work is focused on novel methods of controlling qubits, the fundamental unit of quantum computers that much of modern quantum research is centered on. Its founders, Chris Balance and Tom Harty, will remain with IonQ, Inc. (NYSE:IONQ) following the completion of the merger.