Canada's D-Wave Quantum is the latest of three quantum computer developers to announce it is going public via SPAC. This week the company announced plans to merge with DPCM Capital (XPOA), a SPAC led by the former CBO of Uber, in a deal that could value D-Wave at $1.6 billion. At a time where redemptions are near all-time highs, D-Wave has a novel share incentive structure for non-redeeming shareholders, in an attempt to insulate itself from current SPAC market conditions.
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