Securities Fraud Investigation Into Quantum Computing Inc. (QUBT) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Quantum Computing Inc. (“QCI” or the “Company”) (NASDAQ: QUBT) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON QUANTUM COMPUTING INC. (QUBT), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is The Investigation About?

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:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [e-mail]
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

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