Quantum Computing Inc. Investors: Company Investigated by the Portnoy Law Firm

Globe Newswire 27-Feb-2025 5:06 PM

Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, Feb. 27, 2025 (GLOBE NEWSWIRE) --  The Portnoy Law Firm advises Quantum Computing Inc. ("QCI" or "the Company") (NASDAQ:QUBT) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. QCI investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: info@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

On November 27, 2024, Iceberg Research published a report alleging that QCI's claims about its thin film lithium niobate ("TFLN") foundry and related purchase orders were a sham. On December 9, 2024, Iceberg released a follow-up report, stating that photos shared by QCI of what it claimed to be its foundry resembled a laboratory rather than a facility capable of mass production.

Following this news, QCI's stock price dropped $0.46 (5.8%), closing at $7.47 per share on December 9, 2024, harming investors.

Then, on January 16, 2025, Capybara Research published a report alleging that QCI had overstated its relationship with NASA and fabricated revenue through related-party transactions. The report also claimed that QCI's products were fake, that it inflated its stock price with misleading press releases, and that it had never purchased the five-acre parcel at ASU Research Park for its supposed TFLN foundry.

As a result, QCI's stock price declined $1.72 (14.9%) over two consecutive trading days, closing at $9.83 per share on January 17, 2025, further injuring investors.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bars
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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