D-Wave Quantum Inc will voluntarily transfer the listing of its common stock from the New York Stock Exchange to The Nasdaq Stock Market LLC, effective after market close on July 24, 2026. The transition marks a strategic shift for the quantum computing company, which currently trades under the ticker symbol QBTS. D-Wave expects its shares to begin trading on Nasdaq on July 27, 2026, under the same symbol.

The company has confirmed it has met all listing requirements for Nasdaq and anticipates a smooth transition without any disruption to trading activities. The par value of the common stock remains $0.0001 per share. This move aligns with D-Wave's positioning as a technology innovator, according to its leadership.

"Nasdaq is the marketplace for companies shaping the future of technology," said Dr. Alan Baratz, CEO of D-Wave. He emphasized that as the first commercial quantum computing company, D-Wave is well-aligned with the innovation Nasdaq represents. The CEO noted that the company is accelerating the adoption of quantum solutions globally.

Key Listing Details

D-Wave Quantum Inc is a developer and provider of quantum computing systems, software, and services. It is recognized as the world's first commercial supplier of quantum computers and the only company offering dual-platform quantum computing products that span both annealing and gate-model technologies. The company serves more than 100 organizations across commercial, government, and research sectors.

D-Wave Quantum Inc. has been selected to receive a $1,566,250 grant from the U.S. National Science Foundation (NSF) to advance fault-tolerant quantum computing technologies. The funding, awarded through the NSF's National Quantum Virtual Laboratory (NQVL) program, supports D-Wave's role as a key industry partner in the ERASE (Erasure Qubits and Dynamic Circuits for Quantum Advantage) project. This financial backing underscores the national priority of strengthening U.S. leadership in quantum innovation and accelerating progress toward scalable quantum systems.

"NSF's continued support for the ERASE project highlights the national importance of accelerating progress toward scalable, fault-tolerant quantum computing," said Dr. Alan Baratz, CEO of D-Wave. "We believe that D-Wave’s dual-rail technology can play a meaningful role in that effort, while building the technical foundation and skilled workforce needed to sustain U.S. leadership in quantum computing."

Project Scope and Collaboration

Led by Yale University, the ERASE project brings together researchers from academic institutions and industry organizations to advance dual-rail gate-model quantum computing. D-Wave, through its subsidiary Quantum Circuits, LLC based in New-Haven, Connecticut, will provide ERASE researchers with access to its superconducting dual-rail gate-model quantum computing resources. The award moves the project into the second phase of the NQVL program, validating the approach to scalable, fault-tolerant quantum computing.

"We believe that some of the most important breakthroughs in quantum computing will come from deep collaboration across disciplines, institutions and industry," said Mowaffak Midani, principal investigator and head of gate-model quantum solutions at D-Wave. "By giving researchers access to our technology and working alongside leaders from academia and industry, we're creating an environment where new ideas can be rapidly tested, refined and translated into real-world impact."

Strategic Objectives and Workforce Development

Through selected development interfaces and APIs, ERASE researchers will utilize D-Wave's platform to explore new software, compiler, and error-correction approaches. These efforts are critical for scaling gate-model quantum computing. Additionally, the project aims to broaden workforce development initiatives with academic and industry partners, thereby strengthening the talent pipeline for quantum technologies.

Financial Context and Corporate Alignment

The NSF grant builds upon growing U.S. government support for D-Wave's technologies. The company recently announced a Letter of Intent for $100 million in proposed CHIPS and Science Act funding to accelerate the development of its annealing and gate-model quantum computing systems. The ERASE project also deepens D-Wave's relationship with Yale University, where the dual-rail technology underlying its gate-model program was pioneered through Quantum Circuits, Inc., a Yale startup acquired by D-Wave.