Quantum: D-Wave Systems Inc. and DPCM Capital, Inc. Announce Effectiveness of Registration Statement

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BURNABY, British Columbia, PALO ALTO, Calif. & MIAMI — D-Wave Systems Inc., a quantum computing systems, software, and services company, and DPCM Capital, Inc., today announced that the registration statement on Form S-4 filed by D-Wave Quantum Inc., a newly formed company that will be the parent company of D-Wave and DPCM Capital, (the “Registration Statement”) related to the previously announced proposed business combination between D-Wave and DPCM Capital (the “Business Combination”) has been declared effective by the U.S. Securities and Exchange Commission (“SEC”).

The declaration of effectiveness of the Registration Statement by the SEC, and the related filing and mailing of the definitive proxy statement (the “Proxy Statement”) by DPCM Capital, is an important step in D-Wave becoming a publicly-traded company listed on the New York Stock Exchange (the “NYSE”) under the new ticker symbols “QBTS” and “QBTS.WS” shortly after the closing of the Business Combination.

DPCM Capital will hold a special meeting of stockholders (the “Special Meeting”) at 10:00 a.m. EDT on August 2, 2022, to approve, among other things, the Business Combination with D-Wave. DPCM Capital stockholders of record at the close of business on June 10, 2022, will be entitled to receive notice of, and to vote at, the Special Meeting. Closing is anticipated for shortly after the Special Meeting, subject to the satisfaction or waiver, as applicable, of all other closing conditions.

The Proxy Statement and the Registration Statement can be found on DPCM Capital’s page and D-Wave Quantum’s page, respectively, on the SEC’s EDGAR website at www.sec.gov.

DPCM Capital recommends all stockholders vote “FOR” ALL PROPOSALS in advance of the Special Meeting by telephone, via the Internet or by signing, dating and returning the proxy card upon receipt by following the instructions on the proxy card.

For questions about voting contact DPCM Capital’s proxy solicitor Morrow Sodali LLC, by calling (800) 662-5200 or (203) 658-9400 or by emailing XPOA.info@investor.morrowsodali.com.

About D-Wave Systems Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. D-Wave’s systems are being used by some of the world’s most advanced organizations, including NEC Corporation, Volkswagen, DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory. With headquarters and the Quantum Engineering Center of Excellence based near Vancouver, Canada, D-Wave’s U.S. operations are based in Palo Alto, Calif. D-Wave has a blue-chip investor base that includes PSP Investments, Goldman Sachs, BDC Capital, NEC Corp., Aegis Group Partners, and In-Q-Tel.

About DPCM Capital, Inc.:

DPCM Capital, Inc. is a special purpose acquisition company led by Chairman and CEO Emil Michael, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business in combination with one or more businesses. UBS Securities LLC acted as sole book-running manager for DPCM Capital’s initial public offering. Its common stock, units, and warrants began trading on the NYSE on Oct. 23, 2020, under the ticker symbols XPOA, XPOA.U and XPOA WS, respectively. Affiliated with the SPAC at the board, management and advisory level, is a team made up of entrepreneurs and operators, including Eric Schmidt, former CEO of Google; Betsy Atkins, a world-class governance expert and enterprise entrepreneur; and Denmark West, one of the early members of the team at Microsoft’s Xbox.