Corporate ActionJun 30, 2026, 06:07 AM
Quantum Computing Increases Authorized Shares to 460M
AI Summary
Quantum Computing Inc. announced several corporate actions approved at its 2026 Annual Meeting of Stockholders. The company increased its total authorized capital stock from 260 million to 460 million shares, with common stock increasing from 250 million to 450 million shares. Additionally, the number of shares authorized for issuance under the 2022 Equity and Incentive Plan was raised from 20 million to 30 million, and the plan's evergreen provision was amended. Stockholders also elected six directors, approved executive compensation on an advisory basis, and ratified BPM LLP as the independent auditor.
Key Highlights
- Total authorized capital stock increased from 260,000,000 to 460,000,000 shares.
- Authorized common stock increased from 250,000,000 to 450,000,000 shares.
- Shares authorized for the 2022 Equity and Incentive Plan increased from 20,000,000 to 30,000,000.
- Equity Plan's annual automatic increase provision amended to 2% of outstanding shares.
- Six directors were elected to the Board at the Annual Meeting.
- Stockholders approved, on an advisory basis, Named Executive Officer compensation.
- BPM LLP was ratified as the independent registered public accounting firm for 2026.
Price Impact
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