10 Stocks Lost This Big While Wall Street Celebrates

3. Quantum Computing Inc. (NASDAQ:QUBT)

Quantum Computing snapped a four-day winning streak on Monday, losing 13.15 percent to end at $20.21 apiece after announcing a $500 million share sale that could result in the potential dilution of existing shares.

In a statement, Quantum Computing Inc. (NASDAQ:QUBT) said it entered into a share purchase agreement with institutional investors for the purchase of more than 26.8 million common shares for $500 million, or equivalent to $18.6 per share.

The offer is expected to close on Wednesday, September 24, subject to the satisfaction of customary closing conditions.

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

“This successful $500 million offering, led by strong support from both new and existing leading institutional investors, is priced at a substantial premium to our four recent offerings, bringing our total gross capital raised since November 2024 to approximately $900 million,” said Quantum Computing Inc. (NASDAQ:QUBT) Chairman and CEO Yuping Huang.

“This financing further fortifies our financial position and enables us to execute our multi-year growth plan, including the acceleration of commercialization efforts, strategic acquisitions, the expansion of sales and engineering personnel, and the strengthening of our manufacturing capabilities,” he noted.