SEC Comment Letter 0000000000-23-013391 to D-Wave Quantum Inc. (QBTS)
D-Wave Quantum Inc.
Date: Dec. 7, 2023 · CIK: 0001907982 · Accession: 0000000000-23-013391
AI Filing Summary & Sentiment
File numbers found in text: 001-41468
Letter
United States securities and exchange commission logo December 7, 2023 John Markovich Chief Financial Officer D-Wave Quantum Inc. 3033 Beta Avenue Burnaby, British Columbia V5G 4M9 Canada Re:D-Wave Quantum Inc. Form 10-Q for the Quarterly Period Ended September 30, 2023 Filed November 9, 2023 File No. 001-41468 Dear John Markovich: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-Q for the quarterly period ended September 30, 2023 Financial Statements Condensed Consolidated Balance Sheets, page 5 1.We note on page 13 that PSPIB Unitas Investments II Inc. is a related party to the Company's largest shareholder. Identify on the face of your balance sheet, income statement, and statement of cash flows the amounts of all related party transactions and balances pursuant to Rule 4-08(k) of Regulation S-X. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameJohn Markovich Comapany NameD-Wave Quantum Inc. December 7, 2023 Page 2 FirstName LastName John Markovich D-Wave Quantum Inc. December 7, 2023 Page 2 Please contact Anastasia Kaluzienski at 202-551-3685 or Robert Littlepage at 202-551- 3361 with any questions. Sincerely, Division of Corporation Finance Office of Technology
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United States securities and exchange commission logo
December 7, 2023
John Markovich
Chief Financial Officer
D-Wave Quantum Inc.
3033 Beta Avenue
Burnaby, British Columbia V5G 4M9
Canada
Re:D-Wave Quantum Inc.
Form 10-Q for the Quarterly Period Ended September 30, 2023
Filed November 9, 2023
File No. 001-41468
Dear John Markovich:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-Q for the quarterly period ended September 30, 2023
Financial Statements
Condensed Consolidated Balance Sheets, page 5
1.We note on page 13 that PSPIB Unitas Investments II Inc. is a related party to the
Company's largest shareholder. Identify on the face of your balance sheet, income
statement, and statement of cash flows the amounts of all related party transactions and
balances pursuant to Rule 4-08(k) of Regulation S-X.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
FirstName LastNameJohn Markovich
Comapany NameD-Wave Quantum Inc.
December 7, 2023 Page 2
FirstName LastName
John Markovich
D-Wave Quantum Inc.
December 7, 2023
Page 2
Please contact Anastasia Kaluzienski at 202-551-3685 or Robert Littlepage at 202-551-
3361 with any questions.
Sincerely,
Division of Corporation Finance
Office of Technology