# EDGAR Filing Document

**Accession Number:** 0001907982
**File Stem:** 0001628280-26-002625
**Filing Date:** 2026-1
**Character Count:** 36383
**Document Hash:** 7cf2372585a145be684aabb5ae452261
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-26-002625.hdr.sgml**: 20260120

**ACCESSION NUMBER**: 0001628280-26-002625

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20260120

**DATE AS OF CHANGE**: 20260120

**EFFECTIVENESS DATE**: 20260120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** D-Wave Quantum Inc.
- **CENTRAL INDEX KEY:** 0001907982
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-292824
- **FILM NUMBER:** 26543039

**BUSINESS ADDRESS:**
- **STREET 1:** 2650 EAST BAYSHORE ROAD
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 94303
- **BUSINESS PHONE:** (650) 285-2881

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 3033 BETA AVENUE
- **CITY:** BURNABY
- **PROVINCE COUNTRY:** A1
- **ZIP:** V5G 4M9

**As filed with the Securities and Exchange Commission on January 20, 2026**

**Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

**D-Wave Quantum Inc.**

**(Exact name of Registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Delaware** | **88-1068854** |
| **(State or other jurisdiction of incorporation or organization)** | **(IRS Employer Identification No.)** |

---

**2650 East Bayshore Road, Palo Alto, California**

**94303**

**Tel: (650) 285-2881**

**(Address, including zip code, of Registrant's principal executive offices)** 

**D-Wave Quantum Inc. 2022 Equity Incentive Plan**

**(Full title of the plan)** 

**Dr. Alan Baratz**

**Chief Executive Officer**

**D-Wave Quantum Inc.**

**2650 East Bayshore Road, Palo Alto, California 94303**

**(Name and address of agent for service)** 

**(650) 285-2881**

**(Telephone number, including area code, of agent for service)**

***COPIES TO:***

**Adam M. Givertz**

**Stan Richards**

**Christian G. Kurtz**

**Paul, Weiss, Rifkind, Wharton & Garrison LLP**

**1285 Avenue of the Americas**

**New York, New York**

**10019-6064**

**Tel: (212) 373-3000**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
| | | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**INTRODUCTORY STATEMENT**

On January 6, 2026, D-Wave Quantum Inc., a Delaware corporation (the "Registrant"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with Quantum Circuits, Inc., a Delaware corporation ("QCI"), Quest Acquisition Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of the Registrant, Quest Acquisition Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Registrant, and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the representative, agent and attorney-in-fact of the Securityholders (as defined in the Merger Agreement).

Pursuant to the terms of the Merger Agreement, at the Second Effective Time (as defined in the Merger Agreement) each unvested option to purchase shares of QCI common stock that was outstanding immediately prior to the First Effective Time (as defined in the Merger Agreement) and granted under the QCI 2017 Equity Incentive Plan will be assumed by the Registrant and converted into a corresponding option under the D-Wave Quantum Inc. 2022 Equity Incentive Plan (the "2022 Plan") to purchase a number of shares of the Registrant's common stock, in each case, subject to the same terms and conditions that were applicable to such options immediately prior to the First Effective Time (other than in respect of the number of shares subject to such unvested option and applicable exercise price). The number of shares and exercise price applicable to each such unvested option will be adjusted based on the Equity Award Conversion Amount (as defined in the Merger Agreement). This Registration Statement on Form S-8 registers the additional securities to be issued under the 2022 Plan pursuant to the transactions contemplated by the Merger Agreement.

------

**PART I** 

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS** 

**Item 1. Plan Information.** 

The document containing the information specified in Part I of Form S-8 will be sent or given to plan participants in accordance with Rule 428(b) under the Securities Act. In accordance with the rules and regulations of the U.S. Securities and Exchange Commission (the "Commission") and the instructions to Form S-8, such document is not being filed with the Commission, but such document constitutes, along with the documents incorporated by reference into this Registration Statement, a prospectus that meets the requirements of Section 10(a) of the Securities Act.

**Item 2. Registrant Information and Employee Plan Annual Information.** 

D-Wave Quantum Inc. (the "Registrant") will furnish without charge to each person to whom a prospectus is delivered, upon the written or oral request of such person, a copy of any and all of the documents incorporated by reference in Item 3 of Part II of this Registration Statement, other than exhibits to such documents (unless such exhibits are specifically incorporated by reference to the information that is incorporated). Those documents are incorporated by reference in the Section 10(a) prospectus. The Registrant will also furnish without charge to any person to whom a prospectus is delivered, upon written or oral request, all other documents required to be delivered pursuant to Rule 428(b) under the Securities Act. Requests should be directed to the Legal Department of D-Wave Quantum Inc., 2650 East Bayshore Road, Palo Alto, California 94303, telephone: (650) 285-2881.

------

**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 3. Incorporation of Documents by Reference**

The following documents filed with or furnished to the Commission are incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The Annual Report on Form 10–K for the fiscal year ended December 31, 2024, filed with the Commission on <u>[March 14, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001907982/000190798225000060/qbts-20241231.htm)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.The Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the Commission on <u>[May 8, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001907982/000190798225000090/qbts-20250331.htm)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.The Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Commission on <u>[August 7, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001907982/000190798225000181/qbts-20250630.htm)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the Commission on <u>[November 6, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001907982/000190798225000251/qbts-20250930.htm)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.Our Current Reports on Form 8-K as filed with the Commission on <u>[January 10, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001907982/000190798225000007/qbts-20250110.htm)</u>, <u>[March 12, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001907982/000190798225000054/qbts-20250312.htm)</u>, <u>[May 7, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001907982/000190798225000086/qbts-20250501.htm)</u>, <u>[May 20, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001907982/000190798225000101/qbts-20250520.htm)</u>, <u>[May 30, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1907982/000190798225000119/qbts-20250529.htm)</u>, <u>[June 4, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1907982/000190798225000122/qbts-20250530.htm)</u>, <u>[June 10, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1907982/000190798225000124/qbts-20250610.htm)</u>, <u>[June 11, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1907982/000190798225000127/qbts-20250605.htm)</u>, <u>[August 4, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1907982/000190798225000172/qbts-20250731.htm)</u>, <u>[October 20, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1907982/000190798225000234/qbts-20251020.htm)</u>, <u>[November 13, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001907982/000190798225000254/qbts-20251113.htm)</u>, <u>[January 7, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001907982/000190798226000010/qbts-20260106.htm)</u>, and <u>[January 20, 2026](https://www.sec.gov/Archives/edgar/data/1907982/000162828026002507/qbts-20260120.htm)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.The description of the Company's common stock contained in the Company's Registration Statement on Form 8-A, filed with the Commission on <u>[August 5, 2022](https://www.sec.gov/Archives/edgar/data/1907982/000119312522213335/d358815d8a12b.htm)</u>, as updated by the description of capital stock contained in <u>[Exhibit 4.2](https://www.sec.gov/Archives/edgar/data/1907982/000190798223000011/exhibit42-descriptionofsec.htm)</u> to Amendment No. 1 to the Annual Report on Form 10-K/A for the year ended December 31, 2022, filed with the Commission on March 15, 2024.

All reports and definitive proxy or information statements filed pursuant to Section 13(a) of the Exchange Act, after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such documents. Unless expressly incorporated into this Registration Statement, a report furnished but not filed on Form 8-K under the Exchange Act shall not be incorporated by reference into this Registration Statement. Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in any subsequently filed document which also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 4. Description of Securities** 

Not Applicable.

**Item 5. Interests of Named Experts and Counsel**

Not Applicable.

**Item 6. Indemnification of Directors and Officers**

Section 145 of the Delaware General Corporation Law (the "DGCL") provides that a corporation may indemnify directors and officers as well as other employees and individuals against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with any threatened, pending or completed actions, suits or proceedings in which such person is made a party by reason of such person being or having been a director, officer, employee or agent of the Registrant. The

------

DGCL provides that Section 145 is not exclusive of other rights to which those seeking indemnification may be entitled under any bylaws, agreement, vote of stockholders or disinterested directors or otherwise. The Registrant's Amended and Restated Certificate of Incorporation ("Certificate of Incorporation") and Amended and Restated Bylaws ("Bylaws") provide for indemnification by the Registrant of its directors and officers to the fullest extent permitted by the DGCL.

Section 102(b)(7) of the DGCL permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (1) for any breach of the director's duty of loyalty to the corporation or its stockholders, (2) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (3) for unlawful payments of dividends or unlawful stock repurchases, redemptions or other distributions or (4) for any transaction from which the director derived an improper personal benefit. The Registrant's Certificate of Incorporation provides for such limitation of liability to the fullest extent permitted by the DGCL.

The Registrant has entered into indemnification agreements with each of its directors and officers to provide contractual indemnification in addition to the indemnification provided in the Registrant's Bylaws. Each indemnification agreement provides for indemnification and advancements by the Registrant of certain expenses and costs relating to claims, suits or proceedings arising from his or her service to the Registrant or, at our request, service to other entities, as officers or directors to the maximum extent permitted by applicable law. We believe that these provisions and agreements are necessary to attract qualified directors.

The Registrant also maintains standard policies of insurance under which coverage is to be provided (1) to its directors and officers against loss arising from claims made by reason of breach of duty or other wrongful act, while acting in their capacity as directors and officers of the Registrant, and (2) to the Registrant with respect to payments which may be made by the Registrant to such officers and directors pursuant to any indemnification provision contained in the Registrant's Certificate of Incorporation and Bylaws or otherwise as a matter of law.

**Item 7. Exemption from Registration Claimed** 

Not Applicable.

**Item 8. Exhibits** 

The exhibits listed under the caption "Index to Exhibits" of this Registration Statement are incorporated by reference herein.

**Item 9. Undertakings** 

The Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)(a) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)to include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

*provided, however, that*, paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)To remove from registration by means of a post-effective amendment any of the securities being registered hereby which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

------

**INDEX TO EXHIBITS** 

---

| | |
|:---|:---|
| 3.1 | <u>[Amended and Restated Certificate of Incorporation of D-Wave Quantum Inc. (incorporated by reference to Exhibit 3.4 to the Registrant's Registration Statement on Form S-4 (File No. 333-263573) filed with the Commission on March 15, 2022).](https://www.sec.gov/Archives/edgar/data/1907982/000119312522076126/d366416dex34.htm)</u> |
| 3.2 | <u>[Amended and Restated Bylaws of D-Wave Quantum Inc. (incorporated by reference to Exhibit 3.5 to the Registrant's Registration Statement on Form S-4 (File No. 333-263573) filed with the Commission on March 15, 2022).](https://www.sec.gov/Archives/edgar/data/1907982/000119312522076126/d366416dex35.htm)</u> |
| 4.1 | <u>[2022 Equity Incentive Plan (incorporated by reference to Exhibit 10.29 to the Registrant's Current Report on Form 8-K (File No. 001-41468), filed with the Commission on August 11, 2022).](https://www.sec.gov/Archives/edgar/data/0001907982/000119312522217611/d359406dex1029.htm)</u> |
| 4.2 | <u>[Specimen Common Stock Certificate of D-Wave Quantum Inc. (incorporated by reference to Exhibit 4.1 to Amendment No. 2 to the Registrant's Registration Statement on Form S-4 (File No. 333-263573) filed with the Commission on May 27, 2022).](https://www.sec.gov/Archives/edgar/data/1821742/000121390020029922/fs12020ex4-1_dpcmcapital.htm)</u> |
| 4.3 | <u>[Form of Lockup Agreement, dated as of January 6, 2026 (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K (File No. 001-41468), filed with the Commission on January 7, 2026).](https://www.sec.gov/Archives/edgar/data/0001907982/000190798226000010/formoflock-upagreement.htm)</u> |
| 4.4 | <u>[Registration Rights Agreement, dated as of January 20, 2026 (incorporated by reference to Exhibit](https://www.sec.gov/Archives/edgar/data/1907982/000162828026002507/exhibit101-closing8xk.htm)[10.1](https://www.sec.gov/Archives/edgar/data/1907982/000162828026002507/exhibit101-closing8xk.htm)[to the Registrant's Current Report on Form 8-K (File No. 001-41468), filed with the Commission on January](https://www.sec.gov/Archives/edgar/data/1907982/000162828026002507/exhibit101-closing8xk.htm)[20](https://www.sec.gov/Archives/edgar/data/1907982/000162828026002507/exhibit101-closing8xk.htm)[, 2026).](https://www.sec.gov/Archives/edgar/data/1907982/000162828026002507/exhibit101-closing8xk.htm)</u> |
| 5.1 | <u>[Opinion of Paul, Weiss, Rifkind, Wharton & Garrison LLP.](exhibit51-sx8.htm)</u> |
| 23.1 | <u>[Consent of Grant Thornton LLP.](exh231auditorconsents8.htm)</u> |
| 23.2 | <u>[Consent of Paul, Weiss, Rifkind, Wharton & Garrison LLP (included in Exhibit 5.1 to this Registration Statement).](exhibit51-sx8.htm)</u> |
| 24.1 | <u>[Powers of Attorney (included on signature pages of this Part II).](#i7bbbae0d110f460badea0d4353c5b66a_291)</u> |
| 107 | <u>[Calculation of Filing Fee Table](dwaves8012026.htm)</u>  |

---

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Palo Alto, State of California, on this 20<sup>th</sup> day of January, 2026.

---

| | |
|:---|:---|
| **D-WAVE QUANTUM INC.** | **D-WAVE QUANTUM INC.** |
| By: | /s/ Alan Baratz |
| Name: | Alan Baratz |
| Title: | President & Chief Executive Officer |

---

**POWER OF ATTORNEY** 

KNOW ALL PERSONS BY THESE PRESENTS, that each of the undersigned constitutes and appoints each of Alan Baratz and John M. Markovich, each acting alone, as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign this Registration Statement on Form S-8, or other appropriate form, and all amendments thereto, including post-effective amendments, of D-Wave Quantum Inc., and to file the same, with all exhibits thereto, and other document in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, each acting alone, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming that any such attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date indicated.

---

| | | |
|:---|:---|:---|
| **NAME** | **TITLE** | **DATE** |
| /s/ Alan Baratz | President & Chief Executive Officer and Director (Principal Executive Officer) | January 20, 2026 |
| Alan Baratz | President & Chief Executive Officer and Director (Principal Executive Officer) | January 20, 2026 |
| /s/ John M. Markovich | Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) | January 20, 2026 |
| John M. Markovich | Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) | January 20, 2026 |
| /s/ Steven M. West | Chairman | January 20, 2026 |
| Steven M. West | Chairman | January 20, 2026 |
| /s/ Roger Biscay | Director | January 20, 2026 |
| Roger Biscay | Director | January 20, 2026 |
| /s/ John DiLullo | Director | January 20, 2026 |
| John DiLullo | Director | January 20, 2026 |
| /s/ Rohit Ghai | Director | January 20, 2026 |
| Rohit Ghai | Director | January 20, 2026 |
| /s/ Sharon Holt | Director | January 20, 2026 |
| Sharon Holt | Director | January 20, 2026 |
| /s/ Kirstjen Nielsen | Director | January 20, 2026 |
| Kirstjen Nielsen | Director | January 20, 2026 |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **D-Wave Quantum Inc.**  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proposed Maximum Offering Price Per Unit**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| 1 | Equity | Common Stock, par value $0.0001 per share, issuable pursuant to the D-Wave Quantum Inc. 2022 Equity Incentive Plan | Other | 592392 | $30.04 | $17795455.68 | 0.0001381 | $2457.55 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $17795455.68  |  | $2457.55  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $2457.55  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> (a) Pursuant to Rule 416 promulgated under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also covers an indeterminate number of additional shares of Common Stock of the Registrant that may be offered or issued by reason of certain corporate transactions or events, including any stock dividend, stock split or any other similar transaction effected which results in an increase in the number of shares of Common Stock. (b) Represents shares of Common Stock issuable pursuant to the D-Wave Quantum Inc. 2022 Equity Incentive Plan (the "2022 Plan") being registered herein, consisting of shares of Common Stock reserved and available for delivery with respect to awards under the 2022 Plan, and shares of Common Stock that may again become available for delivery with respect to awards under the 2022 Plans pursuant to the share counting, share recycling and other terms and conditions of the 2022 Plan. Calculated based on the number of shares exchangeable for the number of options to purchase shares of Quantum Circuits, Inc., a Delaware corporation ("QCI," and such options, "Options"), issued and outstanding immediately prior to the transactions contemplated by the Agreement and Plan of Merger, dated as of January 6, 2026, by and among the Registrant, QCI, Quest Acquisition Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of the Registrant, Quest Acquisition Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Registrant, and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the representative, agent and attorney-in-fact of the Securityholders (the "Merger Agreement" and, the transactions contemplated therein, therein, the "Merger"), other than Options that are cancelled in exchange for the consideration described in, and pursuant to, the Merger Agreement, as of January 20, 2026, multiplied by an exchange ratio to reflect the number of shares of the Registrant's common stock for which such Options are exchangeable pursuant to the Merger Agreement. (c) Estimated for the purpose of calculating the registration fee in accordance with Rules 457(c) and 457(h) under the Securities Act, based on the average of the high and low prices of the Common Stock reported on the NYSE on January 15, 2026, which was $30.04 per share.

---

| | |
|:---|:---|
| | |
| **Rule 457(p)** | **Rule 457(p)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |

---

## Exhibit 5.1

**Exhibit 5.1**

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, New York 10019-6064

Tel: 212-373-3000

Fax: 212-757-3990

January 20, 2026

D-Wave Quantum Inc.

2650 East Bayshore Road,

Palo Alto, CA 94303

<u>Registration Statement on Form S-8</u>

Ladies and Gentlemen:

We have acted as special counsel to D-Wave Quantum Inc., a Delaware corporation (the "Company"), in connection with the Registration Statement on Form S-8 (the "Registration Statement") of the Company, filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the "Act"), and the rules and regulations thereunder (the "Rules"). You have asked us to furnish our opinion as to the legality of the securities being registered under the Registration Statement. The Registration Statement relates to the registration under the Act of 592,392 shares of common stock, par value $0.0001 per share, of the Company (collectively, the "Shares"), that are reserved for issuance under the D-Wave Quantum Inc. 2022 Equity Incentive Plan (the "Plan").

In connection with the furnishing of this opinion, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (collectively, the "Documents"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.the Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.the Plan and the forms of award agreements (the "Plan Agreements") relating to awards under the Plan.

In addition, we have examined (i) such corporate records of the Company that we have considered appropriate, including a copy of the Amended and Restated Certificate of Incorporation of the Company and the Amended and Restated Bylaws of the Company, each certified by the Company as in effect on the date of this letter, and copies of resolutions of the board of directors of the Company relating to the issuance of the Shares, certified by the Company and (ii) such other certificates, agreements and documents that we deemed relevant and necessary as a basis for the opinion expressed below. We have also relied upon certificates of public officials and the officers of the Company.

In our examination of the documents referred to above, we have assumed, without independent investigation, the genuineness of all signatures, the legal capacity of all individuals who have executed any of the documents reviewed by us, the authenticity of all documents submitted to us as originals, the conformity to the originals of all documents submitted to us as certified, photostatic, reproduced or conformed copies of valid existing agreements or other documents, the authenticity of all the latter documents and that the statements regarding matters of fact in the certificates, records, agreements, instruments and documents that we have examined are accurate and complete.

Based upon the above, and subject to the stated assumptions, exceptions and qualifications, we are of the opinion that the Shares have been duly authorized by all necessary corporate action on the part of the Company and, when issued and delivered in accordance with the terms of the Plan and any applicable Plan Agreement, the Shares will be validly issued, fully paid and non-assessable.

The opinion expressed above is limited to the General Corporation Law of the State of Delaware. Our opinion is rendered only with respect to the laws, and the rules, regulations and orders under those laws, that are currently in effect.

We hereby consent to use of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not thereby admit that we come within the category of persons whose consent is required by the Act or the Rules.

---

| |
|:---|
| Very truly yours, |
| /s/ Paul, Weiss, Rifkind, Wharton & Garrison LLP |
| PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP |

---

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We have issued our report dated March 14, 2025, with respect to the consolidated financial statements of D-Wave Quantum Inc. included in the Annual Report on Form 10-K for the year ended December 31, 2024, which is incorporated by reference in this Registration Statement. We consent to the incorporation by reference of the aforementioned report in this Registration Statement.

/s/GRANT THORNTON LLP

Bellevue, Washington&nbsp;&nbsp;&nbsp;&nbsp;

January 20, 2026

<br>