Quantum Computing Inc. (QUBT) Investors Who Lost Money Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

Business Wire 27-Feb-2025 9:00 AM

Law Offices of Howard G. Smith announces an investigation on behalf of Quantum Computing Inc. ("QCI" or the "Company") (NASDAQ: QUBT) investors concerning the Company's possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN QUANTUM COMPUTING INC. (QUBT), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

On November 27, 2024, Iceberg Research published a report alleging, among other things, that QCI's statements regarding its thin film lithium niobate ("TFLN") foundry, as well as purchase orders for TFLN quantum computing chips, were a sham. On December 9, 2024, Iceberg Research published another report, stating that the photos that QCI had share of "what it claim[ed] to be its foundry . . . look[ed] more like a laboratory" and was "a far cry from a foundry ready for ‘mass production.'"

On this news, QCI's stock price fell $0.46, or 5.8%, to close at $7.47 per share on December 9, 2024, thereby injuring investors.

Then, on January 16, 2025, Capybara Research published a report alleging, among other things, that QCI had overstated its ties to NASA and had fabricated revenues through multiple related-party transactions. The report further alleged that QCI's products were fake, that it was pumping its stock price with false and misleading press releases, and that the Company had never purchased the five-acre parcel at the ASU Research Park for its TFLN foundry, as it had claimed it would.

On this news, QCI's stock price fell $1.72, or 14.9%, over two consecutive trading days to close at $9.83 per share on January 17, 2025, thereby injuring investors further.

Contact Us To Participate or Learn More:

If you purchased QCI securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, Telephone: (215) 638-4847 Email: howardsmith@howardsmithlaw.com, Visit our website at: www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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Contact Us: Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 howardsmith@howardsmithlaw.com www.howardsmithlaw.com