Quantum Computing Inc. Common Stock (NASDAQ: QUBT)
56 Days left to seek lead plaintiff status.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants overstated the capabilities of QCI's quantum computing technologies, products, and/or services; (ii) Defendants overstated the scope and nature of QCI's relationship with NASA, as well as the scope and nature of QCI's NASA-related contracts and/or subcontracts; (iii) Defendants overstated QCI's progress in developing a TFLN foundry, the scale of the purported TFLN foundry, and orders for the Company's TFLN chips; (iv) QCI's business dealings with Quad M and millionways both qualified as related party transactions; (v) accordingly, QCI's revenues relied, at least in part, on undisclosed related party transactions; (vi) all the foregoing, once revealed, was likely to have a significant negative impact on QCI's business and reputation; and (vii) as a result, Defendants' public statements were materially false and misleading at all relevant times.