Quantum(QMCO) Prnewswire·2025-04-28 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Quantum Computing Inc. (NASDAQ: QUBT) regarding a class action lawsuit alleging that the company made materially false and misleading statements about its technologies, relationships, and business dealings [1][2]. Allegations Summary - The complaint alleges that QCI overstated the capabilities of its quantum computing technologies, products, and services [1]. - It is claimed that QCI exaggerated the nature and scope of its relationship with NASA, including contracts and subcontracts [1]. - The company allegedly overstated its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its operations related to TFLN chips [1]. - QCI's business dealings with Quad M and millionways are described as related party transactions, which were not disclosed [1]. - The revenues of QCI are said to have relied, at least in part, on these undisclosed related party transactions [1]. - The revelations of these issues are likely to have a significant negative impact on QCI's business and reputation [1]. - The public statements made by the defendants are characterized as materially false and misleading throughout the relevant period [1]. Next Steps for Shareholders - Shareholders who purchased QUBT shares during the specified class period are encouraged to register for the class action by the deadline of April 28, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [2]. - There is no cost or obligation for shareholders to participate in this case [2].