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Quantum Computing Inc. Investor Alert: Potential Class Action Lawsuit

Recent developments have emerged for investors of Quantum Computing Inc. (NASDAQ: QUBT), as Glancy Prongay & Murray LLP announces the opportunity for those who suffered financial losses to participate in a class action lawsuit regarding alleged securities fraud.

What is the Basis for the Lawsuit?

Between March 30, 2020, and January 15, 2025, the complaint outlines several key allegations against Quantum Computing Inc. and its executives. These allegations suggest that the company significantly misrepresented various aspects of its operations and relationships, which directly impacted the financial investment decisions made by its shareholders.

Key Allegations Include:

1. Overstatement of Technology Capabilities: The defendants allegedly exaggerated the capabilities of QCI's quantum computing technologies, which misled investors regarding the company’s actual technological standing and potential.
2. Misrepresentation of Partnerships: It is claimed that QCI overstated its relationships with NASA, as well as the extent of its contracts and collaborations with the space agency, which are critical for credibility in the high-tech market.
3. Inflated Progress Claims: Investors allege that the company misrepresented its progress in developing a TFLN (Toffoli-Functional Logic Network) foundry, including its scale and the orders for TFLN chips, leading to an artificial inflation of company value based on unrealized projections.
4. Undisclosed Related Party Transactions: There were significant allegations regarding undisclosed transactions with related entities such as Quad M Solutions, Inc. and millionways, Inc. These transactions purportedly distorted QCI's revenue figures by relying on undisclosed dealings that investors were unaware of.
5. Impact on Business and Reputation: The consequences of these disclosures are projected to have a potentially severe impact on the company's business and reputation, revealing that positive statements made by the defendants lacked a factual basis.

How to Get Involved

Investors who believe they have been affected by circumstances revolving around Quantum Computing Inc. are encouraged to make their voices heard. Those who suffered losses are invited to participate in this lawsuit, with a lead plaintiff deadline approaching on April 28, 2025.
Whether you are seeking to pursue legal action or simply wish to understand more about your investment rights, the firm has opened channels for queries. Interested parties can reach out via email or telephone to learn more about the implications of this lawsuit and the participation process.

Contact Information

For further details, or to express interest in participating in this action, you can contact:
Charles Linehan, Esq.
Glancy Prongay & Murray LLP
1925 Century Park East, Suite 2100
Los Angeles, California, 90067
Email: [email protected]
Tel: 310-201-9150 | Toll-Free: 888-773-9224
Visit: www.glancylaw.com for the latest updates.

You need not take any immediate action to be part of this class action; however, it is essential to remain informed on how it may affect your investment decisions regarding Quantum Computing Inc. Reach out today to ensure your rights are protected in this unfolding situation.