Pender-backed D-Wave went public via merger with DPCM Capital in a $1.2bn deal.

Pender-backed D-Wave, a Canadian quantum computing company, went public via merger with DPCM Capital, a SPAC, in a $1.2bn deal. Investors in PIPE included PSP Investments, Goldman Sachs Asset Management, NEC, Yorkville Advisors and Aegis Group Partners. “We are pleased to complete our Business Combination with D-Wave, a market-leading company that we expect to remain at the forefront of commercializing the quantum computing market. Today D-Wave is the only commercial quantum computing company in the world, and the only quantum computing company that is building both annealing and gate-model quantum computers. As a result, we believe the company will be able to unlock a significant portion of the multi-billion dollar quantum computing total addressable market. We have confidence that D-Wave will deliver long-term value to stockholders and look forward to continuing to support them in the years ahead,” Emil Michael, DPCM Capital CEO.