Lawsuit filed for Investors who lost money with shares of Quantum Computing Inc. (NASDAQ: QUBT)

An investor, who purchased shares of Quantum Computing Inc. (NASDAQ: QUBT), filed a lawsuit over alleged violations of Federal Securities Laws by Quantum Computing Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Quantum Computing Inc. (NASDAQ: QUBT) have certain options and for certain investors are short and strict deadlines running. Deadline: April 28, 2025. NASDAQ: QUBT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Hoboken NJ based Quantum Computing Inc., an integrated photonics company, offers accessible and affordable quantum machines.

On November 27, 2024, Iceberg Research ("Iceberg") published a reporting alleging that Quantum Computing's press releases concerning its TFLN foundry, as well as purchase orders for the Company's TFLN chips, were a sham. Iceberg cited communications with a university professor who had ordered the Company's TFLN chips, photos of the address at which the Company's purported TFLN foundry was located per Quantum's website - which showed only what appeared to be an office building, and communications with ASU Research Park building management.
Then, on December 9, 2024, Iceberg published a second report addressing Quantum Computing, noting that, although Quantum Computing "ha[d] shared photos online of what is claims to be its foundry[,]" "this setup looks more like a laboratory" and "is a far cry from a foundry ready for 'mass production' on what [Quantum] said would be 'five acres within the extensive 320-acre research park hosted by ASU[.]" The same report further noted that "[f]rom 2021 to 9M24, [Quantum] reported insignificant levels of revenue, despite various claims, such as being a NASA sub-contractor."

Finally, on January 16, 2025, Capybara Research ("Capybara") published a report alleging, inter alia, that Quantum Computing had overstated its ties to NASA and fabricated revenues through multiple related-party transactions, particularly with Quad M and millionways. The Capybara report also alleged that Quantum's products were fake, citing comments by former Quantum personnel; and that Quantum was pumping its stock price with false and misleading press releases, citing discussions with Quantum's former employees, Quantum's associates and prime contractors, and NASA personnel. Moreover, the Capybara report alleged that Quantum had never purchased the five-acre parcel at the ASU Research Park for its TFLN foundry, citing ASU Research Park management.

Shares of Quantum Computing Inc. (NASDAQ: QUBT) declined from $27.15 per share on December 18, 2024, to as low as $5.01 per share on March 04, 2025.

The plaintiff claims that between March 30, 2020, through January 15, 2025, the defendants overstated the capabilities of Quantum's quantum computing technologies, products, and/or services, that the defendants overstated the scope and nature of Quantum's relationship with NASA, as well as the scope and nature of Quantum's NASA-related contracts and/or subcontracts, that the defendants overstated Quantum's progress in developing a TFLN foundry, the scale of the purported TFLN foundry, and orders for the Company's TFLN chips, that the defendants concealed the fact that Quantum's business dealings with Quad M and millionways both qualified as related party transactions, that accordingly, Quantum's revenues relied, at least in part, on undisclosed related party transactions, and that all the foregoing, once revealed, was likely to have a significant negative impact on Quantum's business and reputation

Those who purchased shares of Quantum Computing Inc. (NASDAQ: QUBT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.