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DPCM Capital (XPOA) to Combine with D-Wave in $1.3Bn Deal

DPCM Capital (XPOA) to Combine with D-Wave in $1.3Bn Deal

DPCM (NYSE:XPOA) has entered into a definitive combination agreement with quantum computing firm D-Wave at an enterprise value of $1.35 billion, or 2.4x its 2026E revenue. Burnaby, Canada-based D-Wave is developing annealing quantum computers and gate-model quantum computers that can be accessed by clients across a variety of sectors via cloud services agreements. The combined
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