According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- defendants overstated the capabilities of Quantum Computing’s quantum computing technologies, products, and/or services;
- defendants overstated the scope and nature of Quantum Computing’s relationship with National Aeronautics and Space Administration (“NASA”), as well as the scope and nature of Quantum Computing’s NASA-related contracts and/or subcontracts;
- defendants overstated Quantum Computing’s progress in developing a thin film lithium niobate (“TFLN”) foundry, the scale of the purported TFLN foundry, and orders for Quantum Computing’s TFLN chips;
- Quantum Computing’s business dealings with Quad M Solutions, Inc. and millionways, Inc. both qualified as related party transactions;
- accordingly, Quantum Computing’s revenues relied, at least in part, on undisclosed related party transactions;
- all the foregoing, once revealed, was likely to have a significant negative impact on Quantum Computing’s business and reputation; and
- as a result, defendants’ public statements were materially false and misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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