SCHEDULE 13G: BlackRock Discloses 7.1% Passive Stake in D-Wave Quantum Inc.

BlackRock, Inc. has reported a 7.1% beneficial ownership stake in D-Wave Quantum Inc., holding 22,170,378 shares of common stock as of June 30, 2025, for investment purposes.

Summary

• BlackRock, Inc. reported beneficial ownership of 22,170,378 shares of D-Wave Quantum Inc. common stock.
• This represents 7.1% of the total outstanding common stock.
• BlackRock holds sole voting power over 21,681,386 shares.
• BlackRock holds sole dispositive power over 22,170,378 shares.
• The filing is a Schedule 13G, indicating a passive investment, meaning the securities were acquired and are held in the ordinary course of business.
• The investment is not for the purpose of changing or influencing control of D-Wave Quantum Inc.
• The date of the event which required the filing of this statement was June 30, 2025.
• BlackRock, Inc. is classified as a parent holding company.
• Various BlackRock subsidiaries, including one that beneficially owns 5% or greater, have the right to receive dividends or proceeds from the sale of these securities.

Sentiment

Score: 7

Explanation: The disclosure of a significant passive stake by a major institutional investor like BlackRock is generally a positive signal, indicating confidence in the company's long-term prospects without implying an intent to influence control. It's a routine filing but the size of the stake is notable.

Positives

• A major institutional investor, BlackRock, holds a significant stake, which can be seen as a vote of confidence in D-Wave Quantum Inc.'s long-term prospects.
• The investment is passive, indicating it is for ordinary course of business and not for control influence, which generally signals a stable, long-term investment.

Future Outlook

No forward-looking statements or guidance are provided in this ownership disclosure filing.

Industry Context

This filing indicates a significant institutional investment in D-Wave Quantum Inc., a company operating in the emerging quantum computing sector. Such investments by major asset managers like BlackRock can signal growing institutional interest and confidence in the long-term potential of quantum technology companies, potentially attracting further investment to the sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor holding a passive stake may increase investor confidence and potentially attract more institutional interest.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this ownership disclosure filing.

Key Dates

Keywords

D-Wave Quantum Inc., BlackRock, Schedule 13G, Common Stock, Beneficial Ownership, Institutional Investment, Passive Stake, Quantum Computing