D-Wave Completes $1.2 Billion Business Combination With DPCM

Paul, Weiss advised D-Wave Systems Inc. a leader in quantum computing systems, software and services headquartered in British Columbia, in its $1.2 billion business combination with DPCM Capital, Inc., a publicly traded special purpose acquisition company (SPAC). Upon completion of the transaction, D-Wave Quantum Inc. became the parent company of DPCM Capital and D-Wave Systems. D-Wave’s common shares and warrants began trading on the New York Stock Exchange on August 8.

The Paul, Weiss team included corporate partners Adam Givertz, Ian Hazlett, Christopher Cummings, Raphael Russo and David Tarr, and counsel Christian Kurtz and Jason Tyler; tax partner David Mayo and counsel Sohail Itani; executive compensation partner Lawrence Witdorchic; intellectual property partner Claudine Meredith-Goujon; antitrust counsel Yuni Sobel and Marta Kelly; and international trade counsel Richard Elliott.