IonQ shares plunge 9% following announcement of $2 billion cash raise
- 1IonQ shares fell 9% as of 1 p.m. ET on Wednesday.
- 2IonQ will raise $2 billion in cash, including 20.5 million shares of common stock and 29.5 million prepaid warrants.
- 3Heights Capital Management will purchase all the securities with a $2 billion investment.
So what's the key point?
IonQ decided to raise $2 billion in cash. Following this news, the stock price fell 9%.
Source The Motley Fool +1 · View original ↗
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