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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
12. SUBSEQUENT EVENTS
The Company has evaluated all events occurring through November 14, 2024, the date on which the condensed consolidated financial statements were issued, and during which time, nothing has occurred outside the normal course of business operations that would require disclosure except the following:
Issuance of Common Shares
Subsequent to September 30, 2024, the Company has issued 3,683,698 Common Shares in connection with the Purchase Agreement for total proceeds of $3.8 million.
Subsequent to September 30, 2024, the Company has issued 11,440,100 Common Shares in connection with the ATM Agreement for total proceeds of $12.5 million.
Repayment of Term Loan
On October 22, 2024, the Company fully repaid and extinguished the Term Loan.
NYSE Listing Standards Compliance
On November 1, 2024, the NYSE provided D-Wave with a notification letter of recompliance based on a calculation of the Company’s average closing share price for the 30 trading days ended October 31, 2024, which reflected an average closing share price above the NYSE’s $1.00 minimum requirement. D-Wave will continue to be traded on the NYSE, subject to its continued compliance with all applicable listing standards.