WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of D-Wave Quantum Inc. (NYSE: QBTS) resulting from allegations that D-Wave Quantum Inc. may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased D-Wave Quantum Inc. securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=22480 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On February 2, 2024, after market close, D-Wave filed with the SEC a current report on Form 8-K in which it announced, in pertinent part, that its “audited financial statements included in its Annual Reports on Form 10-K for the periods ended December 31, 2022, 2021, and 2020”, its “unaudited financial statements included in each [of the] quarterly reports on Form 10-Q for the periods endings September 30, 2023, June 30, 2023, and March 31, 2023,” and certain prior registration statements filed on Forms S1 and S4 on various dates (collectively, the “Affected Periods”), “[. . .] should no longer be relied upon.”

In the same 8-K, D-Wave announced that it “plans to restate, as soon as practicable, the Financial Statements for the Affected Periods[.] (collectively, the “Restatement”). The Restatement mainly impacts non-cash and non-operating components of other income (expense) and net loss on the consolidated statements of operations and research incentives receivable and loans payable on the consolidated balance sheets.”

On this news, the price of D-Wave stock fell $0.0861 per share, or 8.88%, to close at $0.8829 on February 5, 2024.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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Attorney Advertising. Prior results do not guarantee a similar outcome.

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