Quantum Computing (QUBT) Loses 7.3% on Sudden Management Shakeup

Quantum Computing Inc. (NASDAQ:QUBT) is one of the These 10 Stocks Took A Shocking Fall.

Quantum Computing fell for a third straight day on Monday, losing another 7.31 percent to close at $17.50 apiece as investor sentiment was dampened by a sudden management shakeup in the company.

This followed the sudden retirement of Christopher Boehmler as Quantum Computing Inc.’s (NASDAQ:QUBT) chief finance officer, effective last Thursday, June 19.

While Quantum Computing Inc. (NASDAQ:QUBT) said that Boehmler’s decision was not due to any management disagreement, his sudden resignation was received in a negative light.

Boehmler was replaced by Christopher Roberts, 70, who was the company’s CFO between 2018 and 2023, before serving as a consultant from 2023 to 2025.

In other news, Quantum Computing Inc. (NASDAQ:QUBT) said it was able to raise $200 million in fresh funds through the private placement of more than 14 million common shares at a price of $14.25 apiece.

Quantum Computing (QUBT) Loses 7.3% on Sudden Management Shakeup

A data analyst pouring over a chart, the intricacies of its lines being revealed.

Quantum Computing Inc. (NASDAQ:QUBT) said it plans to use the proceeds to accelerate commercialization efforts, strategic acquisitions, working capital, and general corporate purposes.

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Disclosure: None. This article is originally published at Insider Monkey.