Company: IONQ
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155901
Chunk: 20

Company: IonQ, Inc.
Filing Date: 2025-07-07
Form: 424B5
Chunk 20
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definition or any portion of this definition which may be defective or inconsistent with the intended treatment of such instrument or transaction; provided that a transaction described in clause (A)(i) or (A)(v) shall only be a Fundamental
Transaction for the purpose of the provisions concerning payment of the Black Scholes Value if one or more subject entities, individually or in the aggregate, acquires, directly or indirectly: (1) at least 50% of the outstanding shares of common
stock, or (2) at least 50% of the outstanding shares of common stock calculated as if any shares of common stock held by all the subject entities making or party to, or affiliated with any subject entity making or party to, such stock purchase
agreement or other business combination were not outstanding; or (3) such number of shares of common stock such that the subject entities become collectively the beneficial owners (as defined in Rule 13d-3 under the 1934 Act) of at least 50% of the
outstanding shares of common stock, or (4) at least 50% of the aggregate ordinary voting power represented by issued and outstanding common stock, or (5) at least 50% of the aggregate ordinary voting power represented by issued and outstanding
common stock not held by all such subject entities as of the date of the Warrant Agreement calculated as if any shares of common stock held by all such subject entities were not outstanding, or (6) a percentage of the aggregate ordinary voting power
represented by issued and outstanding shares of common stock or other equity securities of ours sufficient to allow such subject entities to effect a statutory short form merger or other transaction requiring other shareholders of ours to surrender
their shares of common stock without approval of the shareholders of ours.

Under the Warrant Agreement for the Pre-Funded Warrants, we have agreed that
upon consummation of each Fundamental Transaction, if, upon such consummation, had a Warrant been exercised immediately prior to such Fundamental Transaction (without regard to any limitations on the exercise of a Warrant), the holder would have
been entitled to receive shares of common stock (or its equivalent) of the successor entity (such entity, as further defined in the Warrant Agreement, the “Successor Entity”) or such other securities, cash, assets or other property, as
applicable, the Successor Entity shall deliver to the holder confirmation that there shall be issued upon exercise of a Warrant at any time after the consummation of such Fundamental Transaction,