Company: IONQ
Filing Date: 2025-02-27
Form Type: 8-K
Source: 0001193125-25-037306
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Company: IonQ, Inc.
Filing Date: 2025-02-27
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On February 26, 2025, in connection with the commencement of an “at the market” offering program, IonQ, Inc. (the “ Company”) entered into an Equity Distribution Agreement (the “ Equity Distribution Agreement”) with Morgan Stanley & Co. LLC and Needham & Company, LLC, as sales agents (the “ Sales Agents”), pursuant to which the Company may offer and sell, from time to time, through or to the Sales Agents, shares of the Company’s common stock, par value $0.0001 per share (the “ Shares”), having an aggregate gross offering price of up to $500,000,000.

The offer and sale of the Shares will be made pursuant to a shelf registration statement on Form S-3ASR(File No. 333-285279), the prospectus contained therein, and the Company’s prospectus supplement, each of which the Company filed with the U. S. Securities and Exchange Commission on February 26, 2025. The registration statement and prospectus supplement each became effective upon filing.

Subject to the terms and conditions of the Equity Distribution Agreement, the Sales Agents will use their commercially reasonable efforts to sell the Shares from time to time, based upon the Company’s instructions. The Company has provided the Sales Agents with customary indemnification and contribution rights, and the Sales Agents will be entitled to a commission of up to 3.25% of the gross proceeds of all shares sold under the Equity Distribution Agreement.

Sales of the Shares, if any, under the Equity Distribution Agreement may be made in transactions that are deemed to be “at the market offerings” as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended. The Company has no obligation to sell any of the Shares and may at any time suspend sales under the Equity Distribution Agreement. Actual sales will depend on a variety of factors to be determined by the Company from time to time, including, among others, market conditions, the trading price of the Shares and determinations by the Company of its need for, and the appropriate sources of, additional capital. The Equity Distribution Agreement will terminate upon the Company or the Sales Agents providing notice thereof, subject to the limitations set forth in the Equity Distribution Agreement.

The foregoing description of the Equity Distribution Agreement does not purport to be complete and is qualified in its entirety by reference to the Equity Distribution Agreement, a copy of which is filed as Exhibit 1