HOBOKEN – August 22, 2024 – Quantum Computing Inc. (“QCi” or the “Company”), an innovative quantum optics and nanophotonics technology company, today announced that it received a notice (the "Notice") from Nasdaq Stock Market LLC ("Nasdaq") that the Company had failed to satisfy a standard for continued listing, Nasdaq Listing Rule 5250(c)(1), because the Company did not timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2024 (the "Form 10-Q") with the Securities and Exchange Commission (the "SEC").

The Company has submitted an updated plan to Nasdaq to remediate filing deficiencies and has until December 16, 2024 to regain compliance. If the Company fails to timely regain compliance by filing Form 10-Qs for the period ended March 31, 2024 and June 30, 2024, the Company's ordinary shares will be subject to delisting from Nasdaq. The Company expects to regain full compliance with Nasdaq Listing Rule 5810(b) before the December 16 deadline.

The delay in filing the Company’s Form 10-Qs for the periods ending March 31, 2024 and June 30, 2024 is due to QCi’s recent change of auditors. As previously reported, effective May 3, 2024, the Company dismissed BF Borgers CPA PC (“BF Borgers) as its independent registered public accounting firm, in parallel with an order by the SEC against BF Borgers, and effective June 6, 2024, appointed BPM LLP (“BPM”) as the Company’s independent registered public accounting firm. The Company plans to file its Form 10-Qs for the periods ending March 31, 2024, and June 30, 2024 as soon as practicable after completion of BPM’s audit in the coming weeks of the Company’s consolidated financial statements for its 2023 fiscal year.