Quantum firm IonQ falls on $1.3 bln acquisition of cybersecurity co Elisity

IonQ

12/10/2026 13:30

Updates
** Shares of quantum computing firm IonQ IONQ.N down 3.7% to $38.42 premarket on Mon after M&A news
** IONQ says it inked a deal to buy privately held cybersecurity firm Elisity for up to $1.3 bln
** Deal includes up to $150 mln in earnout opportunity subject to Elisity’s future performance
** The number of shares expected to be issued in the transaction will be calculated at a price between $33.07 and $49.61 per share, based on the volume weighted average price of IONQ stock for the 20 trading days prior to, but not including, the third business day before the closing date
** Transaction expected to close this year, after which Elisity will continue operating under its current leadership, including current CEO James Winebrenner
** IONQ shares finished Fri at $38.89, giving co about $15.8 bln market cap
** Co recently closed its $1.8 bln takeover of chipmaker SkyWater Technology
** At Fri close, IONQ shares down ~11% YTD. Stock hit record intraday high of $84.64 about a year ago since co went public via a SPAC merger in 2021
     

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))