According to the Complaint, Quantum Computing Inc. purportedly utilizes non-linear quantum optics to deliver quantum products for high-performance computing applications. This lawsuit was filed against Quantum and four of its Officers.

Throughout the Class Period, Defendants repeatedly touted Quantum's business dealings and contracts with various entities, including employee staffing solutions company Quad M Solutions, Inc. and millionways, Inc., purportedly a leading AI firm, as well as Quantum's purported "long-standing strategic partnership" with NASA. Defendants represented that each such deal, contract, or partnership resulted from Quantum's ability to substantially aid a given use-case through its differentiated quantum computing technologies, products, and/or services.

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants overstated the capabilities of Quantum's quantum computing technologies, products, and/or services; (ii) Defendants overstated the scope and nature of Quantum's relationship with NASA, as well as the scope and nature of Quantum's NASA-related contracts and/or subcontracts; (iii) Defendants overstated Quantum's progress in developing a TFLN foundry, the scale of the purported TFLN foundry, and orders for the Company's TFLN chips; (iv) Quantum's business dealings with Quad M and millionways both qualified as related party transactions; (v) accordingly, Quantum'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 Quantum's business and reputation; and (vii) as a result, Defendants' public statements were materially false and misleading at all relevant times.