Quantum Computing Inc. (QUBT) shares are experiencing a significant surge today, driven by recent developments that have captured investor attention. The company recently secured a prime contract with NASA to utilize its Dirac-3 technology for advanced imaging and data processing, a move that has bolstered confidence in its capabilities and future prospects. This contract, awarded by NASA's Goddard Space Flight Center, involves using Quantum Computing's entropy quantum optimization machine, Dirac-3, to address complex imaging challenges, enhancing data quality and accuracy. The announcement of this contract earlier this week has likely contributed to the positive sentiment surrounding the stock.
Additionally, Quantum Computing has registered up to 8.96 million shares for resale by selling stockholders, as disclosed in an exchange filing dated December 20. While the company will not receive proceeds from the sale of these shares, it stands to gain approximately $2.9 million in gross proceeds if the placement agent warrants are exercised in full. This financial maneuvering, coupled with the NASA contract, has likely fueled investor optimism, leading to the stock's upward trajectory.
QUBT shares are currently trading at $19.86, marking a 31.18% increase from the previous close of $15.14 and a 37.25% rise from the opening price of $14.47.