D-Wave Quantum (QBTS) has shared an update.
D-Wave Quantum Inc. has amended its loan agreement to allow for a delay in prepayment obligations following share issuances, offering financial flexibility up to $50 million. Separately, D-Wave Commercial, a subsidiary of the company, has updated the compensation for its executives. The Chief Financial Officer’s salary was increased to $440,000, along with a grant of 150,000 restricted stock units, while the General Counsel received a raise to $330,000 and was awarded 180,000 restricted stock units and 100,000 stock options following her promotion. These amendments reflect the company’s commitment to maintaining a robust leadership team amid its financial maneuvering.
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