D Wave Quantum Inc (QBTS)

D-Wave Quantum Inc. (QBTS) stock dropped by 16.86% due to negative performance but rather a regulatory announcement regarding compliance with the New York Stock Exchange (NYSE) listing standards.

• Regaining NYSE Compliance: D-Wave announced that it has regained compliance with the NYSE continued listing standard for minimum share price under Section 802.01C of the NYSE Listed Company Manual. This compliance was achieved by maintaining an average closing share price above the NYSE's $1.00 minimum requirement for the 30 trading days ended February 29, 2024.
• Continued Listing on NYSE: Following this announcement, D-Wave will continue to be traded on the NYSE, subject to its continued compliance with all applicable listing standards. This news indicates the company's commitment to maintaining its listing on the NYSE and ensuring transparency for investors.