Company: IONQ
Filing Date: 2025-10-10
Form Type: 424B5
Source: 0001193125-25-236452
Chunk: 44

Company: IonQ, Inc.
Filing Date: 2025-10-10
Form: 424B5
Chunk 44
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) the amount of cash plus the fair market value of any property received and (b) such non-U.S. holder’s tax basis in the Series B Warrant sold or otherwise disposed of. Any
such gain or loss generally will be a capital gain or loss, which will be long-term capital gain or loss if the Series B Warrant is held for more than one year. Any such gain recognized by a non-U.S. holder
will be taxable for United States federal income tax purposes according to rules discussed under the heading “Consequences to Non-U.S.Holders of the Acquisition, Ownership and Disposition of Shares of Common Stock, Pre-fundedWarrants and Warrant Shares—Sale, Taxable Exchange or Other Taxable Dispositions of Shares of Common Stock, Warrants and Warrant Shares,” below.

Expiration of Series B Warrants without Exercise

Upon the expiration of a Series B Warrant, a non-U.S. holder will recognize a loss in an amount equal
to such non-U.S. holder’s tax basis in the Series B Warrant. Any such loss generally will be a capital loss and will be long-term capital loss if the Series B Warrant is held for more than one year.
Deductions for capital losses are subject to complex limitations under the Code.

Certain Adjustments to the Series B Warrants

Under Section 305 of the Code, an adjustment to the number of Warrant Shares that will be issued on the exercise of the Series B Warrants,
or an adjustment to the exercise price of the Series B Warrants, may be treated as a constructive distribution to a non-U.S. holder of the Series B Warrants if, and to the extent that, such adjustment has the
effect of increasing such non-U.S. holder’s proportionate interest in our “earnings and profits” or assets, depending on the circumstances of such adjustment (for example, if such adjustment
is to compensate for a distribution of cash or other property to our shareholders). Such constructive distribution would be subject to tax in the same manner as if such non-U.S. holder received a cash
distribution from us equal to the fair market value of such increased interest. In addition, a non-U.S. holder’s tax basis in a Series B Warrant will generally be increased to the extent of any such
constructive distribution that is treated as a dividend for United States federal income tax purposes. See the more detailed discussion of the rules applicable to distributions made by us under the heading “Consequences to Non-U.S.Holders