Quantum Computing (QUBT) Proxy Filing summary

Executive summary

• Annual Meeting of Stockholders scheduled for December 10, 2024, at the corporate offices in Hoboken, NJ.

• Proxy materials, including the supplement, are available online for shareholder review.

Voting matters and shareholder proposals

• Proposal No. 4, regarding the issuance of 20% or more of outstanding shares upon conversion of a promissory note, has been withdrawn and will not be voted on.

• All other agenda items in the proxy statement remain unchanged and will be voted on as planned.

• Votes submitted for Proposal No. 4 will be disregarded and not reported.

Shareholder rights and capital structure

• The secured convertible promissory note with an initial principal of $8,250,000 was paid off using proceeds from a direct offering of 16,000,000 shares at $2.50 per share.

• No shares will be issued in connection with redemptions of the now-paid promissory note.