Quantum Computing Inc. purportedly utilizes non-linear quantum optics to deliver quantum products for high-performance computing applications.

A recently filed securities fraud class action complaint alleges that Quantum Computing Inc (NASDAQ: QUBT), through certain of its officers, fraudulently, repeatedly touted Quantum's business dealings and contracts with various entities, including employee staffing solutions company Quad M Solutions, Inc. and millionways, Inc., purportedly a leading AI firm, as well as Quantum's purported "long-standing strategic partnership" with NASA. Defendants represented that each such deal, contract, or partnership resulted from Quantum's ability to substantially aid a given use-case through its differentiated quantum computing technologies, products, and/or services.

The underlying Complaint alleges that, Quantum Computing, through certain of its officers, made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants overstated the capabilities of Quantum's quantum computing technologies, products, and/or services; (ii) Defendants overstated the scope and nature of Quantum's relationship with NASA, as well as the scope and nature of Quantum's NASA-related contracts and/or subcontracts; (iii) Defendants overstated Quantum's progress in developing a TFLN foundry, the scale of the purported TFLN foundry, and orders for the Company's TFLN chips; (iv) Quantum's business dealings with Quad M and millionways both qualified as related party transactions; (v) accordingly, Quantum's revenues relied, at least in part, on undisclosed related party transactions; (vi) all the foregoing, once revealed, was likely to have a significant negative impact on Quantum's business and reputation; and (vii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

If you purchased Quantum Computing (NASDAQ: QUBT) shares prior to March 30, 2020, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.  You may be able to seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.