Brief: Infleqtion Signs Letter Of Intent With The US Department Of Commerce For $100 Million To Accelerate US Leadership In Quantum Computing
21/05/2026 11:52
May 21 (Reuters) - Infleqtion Inc INFQ.N: INFLEQTION SIGNS LETTER OF INTENT WITH THE U.S. DEPARTMENT OF COMMERCE FOR $100 MILLION TO ACCELERATE U.S. LEADERSHIP IN QUANTUM COMPUTING INFLEQTION INC - TO ISSUE $100 MILLION IN STOCK TO DEPARTMENT AT 15% DISCOUNT UNDER LOI INFLEQTION INC - LOI INCLUDES PARTIAL UPFRONT FUNDING AND MILESTONE-BASED AWARD STRUCTURE INFLEQTION INC: SECURITIES ARE EXPECTED TO BE HELD ON A PASSIVE BASIS Source text: ID:nBw11LJVZa Further company coverage: INFQ.N ((Reuters.Briefs@thomsonreuters.com;))
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