v3.26.1
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
NOTE. 18 SUBSEQUENT EVENTS
In preparing the Condensed Consolidated Financial Statements, the Company has evaluated the events and transactions for their recognition or disclosure subsequent to June 30, 2026, and through August 13, 2026, the date the Condensed Consolidated Financial Statements were available for issuance.
In July 2026, the Company entered into a statement of work (“SOW”) with Oracle under which the Company will provide quantum computing services including the installation of a quantum computing system. The SOW is multi-year and the value will be recognized as performance obligations are completed over the term of the arrangement.
During July 2026, an aggregate of 357,592 shares of Class A common stock were issued to Quantinuum Holdings members in connection with such members’ redemptions of an equivalent number of Common Units and corresponding cancellation and retirement of an equivalent number of Class B common stock. Such retired shares of Class B common stock may not be reissued. The redemptions occurred pursuant to the terms of the Quantinuum Holdings LLC Agreement.