DPCM Capital, Inc.
XPOA
New York Stock Exchange8.66
USD
-0.02
- -
CIK
0001821742
ISIN
US23344P1012
Return %
Stock
S&P500
1Y
-12.70
26.53
3Y
-14.68
76.60
5Y
-14.68
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Emil Michael
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 382 NE 191 Street Miami FL United States of America 33179-3899
- IPO Date
- Dec 15, 2020
- CIK
- 0001821742
- Website
- dpcmcapital.com
- Similar Companies
- Business
- DPCM Capital, Inc. operates as a special purpose acquisition company (SPAC) primarily focused on effecting mergers, capital stock exchanges, asset acquisitions, or reorganizations with one or more businesses. The company was founded to identify and combine with businesses that offer growth potential. The most significant recent development for DPCM Capital is its business combination with D-Wave Systems Inc., completed in August 2022, resulting in D-Wave Quantum Inc. becoming the parent company of DPCM Capital and D-Wave Systems. This transaction marked DPCM Capital's transition from a blank check company to a publicly traded quantum computing firm. D-Wave Quantum Inc., operating under the combined entity, develops and delivers quantum computing systems, software, and cloud services. Its core products and services include both annealing and gate-model quantum computers, quantum hybrid solvers, developer tools, real-time quantum cloud services, and professional quantum service offerings. The company focuses on practical quantum applications for complex computational problems in industries such as manufacturing, logistics, pharmaceuticals, finance, and government. D-Wave's technology addresses use cases including resource scheduling, supply chain optimization, vehicle routing, drug discovery, cybersecurity, fault detection, and financial modeling. Geographically, DPCM Capital and D-Wave operate globally, with headquarters in Burnaby, British Columbia, Canada, and additional presence in Palo Alto, California, USA. The company serves a broad customer base, including notable enterprises like Volkswagen, Accenture, BBVA, NEC Corporation, DENSO, and Lockheed Martin. The business combination raised approximately $300 million from DPCM Capital’s trust account, supplemented by $40 million from strategic and institutional investors, including PSP Investments, Goldman Sachs, and NEC Corporation. Since the acquisition, the company has released five generations of quantum computers and, in June 2022, launched a prototype of its sixth-generation machine, Advantage2, enhancing its product portfolio and commercial quantum computing capabilities. In summary, DPCM Capital, initially a SPAC, now operates as D-Wave Quantum Inc., a leading quantum computing company providing integrated quantum hardware, software, cloud services, and professional solutions worldwide, with a focus on advancing commercial quantum computing applications and markets.
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