Company: IONQ
Filing Date: 2025-03-11
Form Type: 8-K
Source: 0001193125-25-051398
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Company: IonQ, Inc.
Filing Date: 2025-03-11
Form: 8-K
Item: Item 1.02
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Item 1.02      Termination of a Material Definitive Agreement.  

On March 10, 2025, IonQ, Inc. (the “ Company”), provided notice of its termination, effective immediately, of that certain Equity Distribution Agreement with Morgan Stanley & Co. LLC and Needham & Company, LLC., as sales agents (the “ Sales Agents”) dated as of February 26, 2025 (the “ Equity Distribution Agreement”). As previously reported, pursuant to the terms of the Equity Distribution Agreement, the Company could offer and sell shares of its common stock, par value $0.0001 per share, having aggregate offering sales proceeds of up to $500,000,000 (the “Shares”), through the Sales Agents (the “2025 ATM Offering Program”). The Company is not subject to any termination penalties related to the termination of the Equity Distribution Agreement.