Mentioned:
One of the most exciting publicly listed quantum computing companies in Canada wants to hit Wall Street next.
What’s happening:
- BTQ Technologies (CBOE: BTQ) has announced they have officially filed an application to list onto the Nasdaq
Why it matters:
- BTQ Technologies is one of the most advanced publicly traded companies in Canada focused on quantum computing and accelerating new technology breakthroughs around post quantum cryptography
Going deeper:
- BTQ Technologies previously raised a $10M CAD financing round to ramp up the research and development of their leading edge technology
- Quantum computing continues to be a major theme in the public markets, with new deals being formed with both large companies and government agencies including IonQ (NYSE: IONQ) notably striking a new partnership with General Dynamics to leverage quantum computing technology for national security
The intrigue:
- Google (NASDAQ: GOOG) and SoftBank also just recently took a significant stake of a new large funding round into Boston based quantum computing startup QuEra to accelerate the capabilities of quantum computers to handle much larger and more complex computations
