Infleqtion Inc (INFQ)

INFQ was supposed to have a webinar presentation on June 24th but on the 23rd announcement came out stating rescheduled with no apparent date

Asked company, no response

Those industry support measures have conditions. Once should research what they are.

I wonder why they cancelled their presentation tomorrow. 
I wonder how the market will take it. 
Any ideas?

Quantum Computing Stocks Rally After Trump Signs New Industry Support MeasuresJune 23, 2026 7:31 AM
IH Market News Federal Orders Renew Momentum Across the Quantum Sector Quantum-computing stocks moved higher in after-hours trading on Monday after U.S. President Donald Trump signed a series of executive orders designed to accelerate the development and adoption of quantum technologies in the United States. The announcements reignited investor enthusiasm for a sector that has already enjoyed significant gains this year amid expectations of increasing government backing. Quantum Names Lead Extended-Hours Gains Among the strongest performers, Infleqtion (NYSE:INFQ) climbed 13.2% to $16.08 in post-market trading, putting the stock on course for its highest level since June 5. Rigetti Computing (NASDAQ:RGTI) advanced 5.9% to $22.65, marking its strongest level since June 15, while D-Wave Quantum (NYSE:QBTS) gained between 7.5% and 7.8% to approximately $26.30, also reaching its highest level since mid-June. IonQ (NYSE:IONQ) added around 3% to trade near $60.10. Meanwhile, IBM (NYSE:IBM) rose 3.6% after Trump publicly praised Chief Executive Officer Arvind Krishna for his leadership. New Orders Aim to Accelerate Quantum Deployment The gains followed the signing of two executive orders focused on strengthening America’s position in quantum technologies. The measures seek to support the deployment of a research-capable quantum computer in the United States by 2028 while accelerating the transition of federal systems toward post-quantum cryptography between 2030 and 2031. The orders also promote broader adoption of quantum sensing technologies and encourage greater collaboration between government agencies, universities and private-sector companies. Strategic Technology Becomes a National Priority The latest initiatives reflect Washington’s growing emphasis on quantum computing as a strategic technology alongside artificial intelligence, advanced semiconductors and next-generation defense systems. Policymakers increasingly view leadership in quantum technology as critical to maintaining the United States’ competitive position against China and other global rivals. Government Support Has Driven Previous Rallies Monday’s move follows several policy-driven surges in quantum-related stocks over recent months. In May, the sector rallied sharply after the Trump administration unveiled a quantum initiative worth approximately $2 billion, including grants and investment programs aimed at supporting domestic development. Companies such as D-Wave, Rigetti and Infleqtion were among those linked to the initiative, while investors interpreted the announcement as evidence of a deeper federal commitment to the sector. That earlier announcement triggered even larger gains, with D-Wave and Rigetti both rising more than 30%, while IonQ also posted strong double-digit advances. Commercialization Outlook Continues to Improve Quantum stocks received another boost earlier this month after analysts highlighted improving commercialization prospects and growing public-sector support. Those developments have helped turn quantum computing into one of the most closely watched and volatile technology themes on Wall Street this year. Why Quantum Computing Matters Quantum computers leverage the principles of quantum mechanics to process information in ways that could eventually outperform traditional computers in areas such as optimization, chemistry, materials science and complex simulations. The technology is also viewed as a potential challenge to existing encryption methods, prompting governments around the world to accelerate the adoption of quantum-resistant cybersecurity systems. Although widespread commercial deployment remains several years away for much of the industry, investors continue to treat government funding programs, national security initiatives and technological breakthroughs as major catalysts for the sector. The latest executive orders reinforce the view that support for quantum technologies is evolving into a long-term policy priority, potentially creating additional opportunities for companies focused on quantum computing, sensing and cybersecurity solutions. Infleqtion stock price Rigetti Computing stock price D-Wave Quantum stock price IonQ stock price IBM stock priceThe post Quantum Computing Stocks Rally After Trump Signs New Industry Support Measures appeared first on US Editors. Original: Quantum Computing Stocks Rally After Trump Signs New Industry Support Measures

SpaceX Extends Decline as Tech Stocks Retreat and Investors Reassess AI Spending: Dow Jones, S&P, Nasdaq, Wall Street FuturesJune 23, 2026 6:47 AM
IH Market News Technology Shares Weigh on U.S. Market Outlook Wall Street appeared headed for a weaker start on Tuesday as investors continued to rotate out of technology stocks amid concerns over persistent interest rate pressures and the enormous capital requirements associated with artificial intelligence infrastructure. Nasdaq futures led losses after another decline in SpaceX (NASDAQ:SPCX), while falling oil prices provided a separate focal point for investors as diplomatic progress between the United States and Iran reduced concerns over energy supply disruptions. Meanwhile, fresh acquisition activity in the AI sector and renewed government support for quantum computing highlighted the ongoing competition for next-generation technology leadership. Nasdaq Futures Under Pressure U.S. equity futures moved lower before the opening bell, with technology stocks once again leading the decline. By 04:33 ET, Nasdaq 100 futures had fallen 2.8%, while S&P 500 futures were down 1.45%. Dow Jones futures declined 0.7%. The weakness reflects growing investor concern that U.S. interest rates could remain elevated for longer than previously anticipated. At the same time, questions are emerging about whether current levels of AI-related investment can be sustained indefinitely. After leading market gains over the past year, technology and semiconductor shares have become increasingly vulnerable to profit-taking and valuation scrutiny. SpaceX Sell-Off Continues SpaceX (NASDAQ:SPCX) remained under pressure after suffering a sharp decline in the previous session. The stock dropped 16.4% on Monday and fell a further 2.9% in premarket trading. The latest weakness followed a more cautious assessment from KeyBanc, which argued that the company’s valuation had become increasingly demanding after its rapid rally following its stock market debut. SpaceX closed Monday at $154.59, only modestly above its IPO opening price of $150 and significantly below recent highs above $225. The decline has erased approximately $400 billion in market value and intensified debate over whether the company’s long-term growth opportunities justify its current valuation. The company also announced a senior notes offering and disclosed cash and cash equivalents exceeding $100 billion as of June 19. Qualcomm Pursues Additional AI Expansion Qualcomm (NASDAQ:QCOM) is reportedly close to acquiring AI chip startup Modular in a transaction that could value the company at approximately $4 billion, according to Bloomberg. The reported valuation is more than twice the level achieved in Modular’s funding round less than a year ago, reflecting the premium being placed on AI-related assets. Qualcomm continues to broaden its strategy beyond smartphones, targeting growth opportunities in artificial intelligence, data centres and autonomous vehicles. The company is also reportedly evaluating a separate acquisition involving AI startup Tenstorrent. The potential transaction highlights the increasingly competitive race among established technology firms to strengthen their AI capabilities. Oil Prices Extend Recent Decline Energy markets continued to move lower following significant losses in the previous session. Oil prices weakened further as investors grew more confident that progress in U.S.-Iran negotiations could ultimately increase global crude supplies. Market sentiment improved after Washington issued a 60-day licence permitting the sale and import of Iranian crude oil and petroleum products as part of ongoing diplomatic discussions. The development follows reports of progress toward a broader agreement and an extension of the current ceasefire framework. Lower oil prices could help ease inflationary pressures globally, although continued weakness may create challenges for energy producers. Quantum Computing Receives Policy Boost Quantum computing stocks advanced after President Donald Trump signed executive orders designed to accelerate development of the technology in the United States. The measures aim to support the deployment of a research-capable quantum computer by 2028 while also accelerating the implementation of quantum-resistant cybersecurity systems across federal agencies. Investors responded positively, driving gains in companies including Infleqtion (NYSE:INFQ), Rigetti Computing (NASDAQ:RGTI), D-Wave Quantum (NYSE:QBTS) and IonQ (NASDAQ:IONQ). IBM also moved higher after receiving favourable comments from Trump regarding CEO Arvind Krishna. The latest policy initiatives underscore Washington’s growing focus on quantum computing as a strategic technology area. Investors Look Beyond the AI Boom While artificial intelligence remains a dominant investment theme, the latest market moves suggest investors are becoming more selective about valuations and future growth assumptions. At the same time, government support for emerging technologies such as quantum computing highlights the possibility that the next major innovation cycle may already be beginning to take shape. SpaceX stock price Qualcomm stock price Infleqtion stock price Rigetti Computing stock price D-Wave Quantum stock price IonQ stock price IBM stock priceThe post SpaceX Extends Decline as Tech Stocks Retreat and Investors Reassess AI Spending: Dow Jones, S&P, Nasdaq, Wall Street Futures appeared first on US Editors. Original: SpaceX Extends Decline as Tech Stocks Retreat and Investors Reassess AI Spending: Dow Jones, S&P, Nasdaq, Wall Street Futures

White House Prioritizes Quantum Computing and Post-Quantum Cybersecurity in New Executive Orders



Weekly Chart
https://schrts.co/NDkkFJuA

$16+ 😃

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INFQ Institutional Holdings
Ownership Summary
Institutional Ownership 28.52%
Total Shares Outstanding (millions) 218
Total Value of Holdings (millions) $842

Active Positions | Holders | Shares
Increased Positions | 82 | 57,226,843
Decreased Positions | 50 | 7,013,657
Held Positions | 5 | 2,011,965
Total Institutional Shares | 137 | 62,228,535

https://www.nasdaq.com/market-activity/stocks/infq/institutional-holdings

$INFQ 💹

Infleqtion Welcomes Executive Order on Quantum TechnologyJune 22, 2026 7:29 PM
Business WireCEO Matthew Kinsella joins President Trump at the White House as administration elevates quantum as a national priorityInfleqtion (NYSE: INFQ), a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today welcomed President Trump's Executive Order on quantum technology, which directs federal agencies to accelerate the development and deployment of quantum technologies across national security, commercial, and scientific applications.Matthew Kinsella, Chief Executive Officer of Infleqtion, attended today's signing ceremony at the White House."Today's Executive Order accelerates America's leadership in one of the most consequential technology races of our time," said Kinsella. "Quantum technologies are becoming foundational to national security, scientific discovery, precision timing, advanced sensing, and future space systems. The President's action makes American quantum leadership a national imperative."Earlier today, Infleqtion launched America's Quantum Space Initiative, a new effort focused on accelerating the deployment of quantum technologies for future space systems. The initiative complements the company's broader work advancing U.S. quantum computing and sensing leadership, including Infleqtion's recent selection by the U.S. Department of Commerce for $100 million in proposed funding to accelerate U.S. quantum computing technologies and develop the engineering systems required for large-scale neutral-atom quantum computers.Infleqtion has one of the industry's broadest quantum technology portfolios, spanning quantum computing, advanced sensing, and space-based quantum systems.Both the Executive Order and Infleqtion's recent initiatives reflect the growing importance of quantum technologies to national security, scientific discovery, critical infrastructure, and economic competitiveness. Together, they reinforce the need to accelerate the development, deployment, and scaling of quantum computing, precision timing, advanced sensing, and space-based quantum capabilities in the United States.About InfleqtionInfleqtion, Inc. (NYSE: INFQ) is a global leader in quantum technology, delivering neutral-atom solutions for quantum computing, networking, sensing, and security. With a product portfolio spanning quantum computers, quantum optical clocks, RF receivers, and inertial sensors, Infleqtion’s full-stack approach combines high-performance hardware with the company’s proprietary Superstaq quantum computing software platform. Infleqtion’s systems are already in use by the U.S. Department of War, NASA, the U.K. government, and in multiple collaborations with NVIDIA. Infleqtion, in collaboration with NVIDIA, published the world’s first demonstration of a materials science application using logical qubits. With operations in the U.S., Europe, and Asia, Infleqtion meets the demands of government and commercial customers across the space, defense, energy, finance and telecommunications sectors. For more information, visit Infleqtion.com or follow Infleqtion on LinkedIn, YouTube, and X.Forward-looking statementsThis press release contains forward-looking statements within the meaning of federal securities laws, including the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects,” “seeks,” “will,” and variations of these words or similar expressions that are intended to identify forward-looking statements. All statements, other than statements of historical facts, including without limitation statements regarding the growing importance of quantum technologies and Infleqtion’s efforts to accelerate the deployment of quantum technologies for future space systems, are forward-looking statements. These statements are based on Infleqtion’s current expectations, assumptions and projections as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially and adversely. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, without limitation, those related to Infleqtion’s ability to recognize anticipated benefits of its business combination with Churchill Capital Corp X; the implementation, market acceptance, and success of Infleqtion’s business model, growth strategy, and opportunities, and its ability to commercialize its quantum computing and quantum sensing technology; the expected benefits of and ability to maintain and enter into new contracts, awards, and other relationships, partnerships, or collaborations with governments, government entities, universities, or commercial partners; the ability to develop and deploy neutral-atom quantum computing products on anticipated timelines and at anticipated performance levels; the ability to achieve fault-tolerant and utility-scale quantum computing, including anticipated improvements in entangling gate fidelity; the ability of resource-superstaq and the Superstaq platform to achieve commercial and research adoption; the potential for quantum computing technology to achieve quantum advantage; the ability of Infleqtion’s products to meet government counterparties’ and customers’ technical requirements and compliance and regulatory needs; Infleqtion’s ability to obtain and maintain intellectual property protection and not infringe on the rights of others; and other risks and uncertainties described in Infleqtion’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements except as required by law.View source version on businesswire.com: https://www.businesswire.com/news/home/20260622508966/en/Investor Contact
Marcus Kupferschmidt
investors@infleqtion.comMedia Contact
media@infleqtion.com Original: Infleqtion Welcomes Executive Order on Quantum Technology

$INFQ News: Infleqtion Launches America's Quantum Space Initiative to Accelerate the Future of Quantum-Enabled Space Infrastructure

Voyager Technologies, Armada, Monarch Quantum and the University of Colorado Boulder join Infleqtion as founding innovators in America's Quantum Space Initiative, helping advance quantum-enabled capabilities in space applications

June 22, 2026
WASHINGTON, D.C.--(BUSINESS WIRE)-- Infleqtion (NYSE: INFQ), a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today announced the launch of America's Quantum Space Initiative, bringing together founding innovators including Voyager Technologies, Monarch Quantum, Armada, and the University of Colorado Boulder to help advance the development and deployment of quantum technologies for future space systems. The initiative is designed to foster collaboration across industry, academia, and government to accelerate innovation, expand opportunities for quantum technologies in space, and strengthen U.S. leadership in next-generation technologies.

As space becomes increasingly important to economic competitiveness, scientific discovery, and national security, technologies that enable greater precision, resilience, and autonomy are becoming strategic assets. Quantum sensing, timing, navigation, communications, and computing have the potential to transform how future space systems operate, creating new opportunities across commercial, civil, and defense applications, including enabling next-generation lunar infrastructure, advanced capabilities for deep-space exploration, persistent space domain awareness, mission optimization, and new scientific instruments capable of probing both fundamental physics and expanding our understanding of the universe.

Realizing that potential will require expertise that spans quantum science, aerospace engineering, mission operations, advanced manufacturing, computing infrastructure, and research. Founding innovators will help bring together leaders across these disciplines, identify opportunities for technology development, demonstration, and deployment, and accelerate the transition of quantum technologies from pioneering demonstrations to real-world space applications through the Quantum Space Hub, a collaborative network connecting innovators from across the quantum and space communities.

"We are entering a defining moment for both quantum technology and space innovation," said Matt Kinsella, Chief Executive Officer of Infleqtion. "The opportunity ahead is bigger than any one company, institution, or discipline. By bringing together innovators from across the ecosystem, we can help unlock the next frontier at the intersection of quantum and space."

"American leadership in space depends on turning breakthrough technologies into enduring capabilities," said Dylan Taylor, Chairman and Chief Executive Officer of Voyager Technologies. "Quantum technologies represent an exciting frontier, and we look forward to helping advance the infrastructure, partnerships, and innovations that will support the next generation of space missions."

"Quantum technologies are most valuable if they can operate where decisions get made at the edge, in austere environments and under real operational constraints,” said Dan Wright, Co-founder and CEO of Armada. “There is no more austere environment than space, and that’s why we are joining this initiative, because we must do everything we can to turn technological firsts into operational advantage.”

"Some of the most exciting opportunities in space will come from advances in precision measurement and sensing," said Dr. Timothy Day, Chairman and Chief Executive Officer of Monarch Quantum. "Quantum technologies have the potential to unlock entirely new capabilities, and we are proud to contribute systems engineering and photonics expertise engineering needed to help bring those possibilities closer to reality."

“CU Boulder has a long tradition of tackling society's most complex scientific and technological challenges through bold research and collaboration," said Justin Schwartz, Chancellor of the University of Colorado Boulder. "Quantum science will enable transformative advances that touch every segment of society. As quantum technologies move from the laboratory to real-world applications and space becomes increasingly critical to economic competitiveness and national security, CU Boulder is proud to help advance the convergence of these two transformative fields."

The University of Colorado Boulder brings internationally recognized expertise in both quantum science and space research to America's Quantum Space Initiative. Home to one of the nation's leading university-based space research enterprises and a long-standing leader in quantum research and workforce development, CU Boulder has helped advance scientific discovery from the laboratory to space missions across the solar system. The university's contributions will help support the initiative's efforts to accelerate quantum-enabled capabilities for future space systems.

The initiative will also engage leaders from across the broader innovation, business, and policy communities. As part of that effort, America's Quantum Space Initiative will be featured at the Impact 250 event in Washington, D.C., this September, an annual gathering of innovators, investors, policymakers, and industry leaders focused on the future of emerging technologies hosted by Type One Ventures and the Internet Marketing Organization led by Sinan Kantasiz.

"America's next frontier will not be defined by a single launch, mission, or destination, but by the strategic technologies we build into space itself," said Sinan Kanatsiz, founder and chief executive officer of KCOMM and founder of the New Frontier. "Quantum technologies have the potential to become foundational to the next era of American leadership, enabling more capable and resilient systems that will help shape the future of space for decades to come."

"The most transformative opportunities emerge when breakthrough technologies intersect with major shifts in how industries and nations operate," said Ryan Kriser, Partner at Type One Ventures. "The convergence of quantum and space has the potential to create entirely new capabilities, industries, and markets, and we are excited to support the innovators helping build that future."

Type One Ventures invests in the founders and technologies shaping the future space economy, supporting breakthrough innovations across space infrastructure, advanced manufacturing, defense, artificial intelligence, and other frontier technology sectors. Through its investment platform and network of industry leaders, the firm helps accelerate the development of technologies that expand human capability and drive long-term economic growth.

America's Quantum Space Initiative builds on more than a decade of progress advancing quantum technologies for space applications. Infleqtion contributed to NASA's Cold Atom Laboratory aboard the International Space Station, the first facility to study ultracold quantum matter in orbit, and is a key partner on NASA's Quantum Gravity Gradiometer Pathfinder mission, expected to become the world's first quantum gravity sensor in space. Together, these efforts reflect a broader transition underway: the movement of quantum technologies from pioneering demonstrations toward operational systems capable of supporting future missions and enabling new classes of space capabilities.

Through America's Quantum Space Initiative, participants will seek to:

Accelerate the transition of quantum technologies from demonstrations to real-world space applications.
Advance quantum-enabled capabilities for future space systems through collaboration across industry, academia, and government.
Strengthen U.S. leadership in quantum and space technologies through innovation, workforce development, and strategic partnerships.
Within its first year, the initiative plans to convene leaders from industry, government, academia, and the space sector; establish the Quantum Space Hub; and identify opportunities to accelerate the development and deployment of quantum technologies for space applications. Infleqtion is also supporting emerging efforts in space-based timing and lunar communications infrastructure, contributing advanced timing technologies and next-generation communications architectures designed to support future space operations. The initiative's long-term objective is to help position the United States as a global leader in quantum-enabled space capabilities and infrastructure.

About America's Quantum Space Initiative

America's Quantum Space Initiative is a coalition of innovators dedicated to advancing quantum-enabled capabilities for future space systems. By connecting leaders from industry, academia, government, and the broader space ecosystem, the initiative seeks to accelerate innovation and strengthen U.S. leadership in quantum and space technologies.

About Infleqtion

Infleqtion, Inc. (NYSE: INFQ) is a global leader in quantum technology, delivering neutral-atom solutions for quantum computing, networking, sensing, and security. With a product portfolio spanning quantum computers, quantum optical clocks, RF receivers, and inertial sensors, Infleqtion’s full-stack approach combines high-performance hardware with the company’s proprietary Superstaq quantum computing software platform. Infleqtion’s systems are already in use by the U.S. Department of War, NASA, the U.K. government, and in multiple collaborations with NVIDIA. Infleqtion, in collaboration with NVIDIA, published the world’s first demonstration of a materials science application using logical qubits. With operations in the U.S., Europe, and Asia, Infleqtion meets the demands of government and commercial customers across the space, defense, energy, finance and telecommunications sectors. For more information, visit Infleqtion.com or follow Infleqtion on LinkedIn, YouTube, and X.

Forward looking statements

This press release contains forward-looking statements within the meaning of federal securities laws, including the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects,” “seeks,” “will,” and variations of these words or similar expressions that are intended to identify forward-looking statements. All statements, other than statements of historical facts, including without limitation statements regarding the ability of Infleqtion to collaborate across and convene leaders from industry, academia, and government; establish the Quantum Space Hub; and identify opportunities to accelerate the development and deployment of quantum technologies for space applications, are forward-looking statements. These statements are based on Infleqtion’s current expectations, assumptions and projections as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially and adversely. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, without limitation, those related to Infleqtion’s ability to recognize anticipated benefits of its business combination with Churchill Capital Corp X; the implementation, market acceptance, and success of Infleqtion’s business model, growth strategy, and opportunities, and its ability to commercialize its quantum computing and quantum sensing technology; the expected benefits of and ability to maintain and enter into new contracts, awards, and other relationships, partnerships, or collaborations with governments, government entities, universities, or commercial partners; the ability to develop and deploy neutral-atom quantum computing products on anticipated timelines and at anticipated performance levels; the ability to achieve fault-tolerant and utility-scale quantum computing, including anticipated improvements in entangling gate fidelity; the ability of resource-superstaq and the Superstaq platform to achieve commercial and research adoption; the potential for quantum computing technology to achieve quantum advantage; the ability of Infleqtion’s products to meet government counterparties’ and customers’ technical requirements and compliance and regulatory needs; Infleqtion’s ability to obtain and maintain intellectual property protection and not infringe on the rights of others; and other risks and uncertainties described in Infleqtion’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements except as required by law.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20260621584483r1&sid=acqr8&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20260621584483/en/

Media
media@infleqtion.com

Source: Infleqtion

Defiance Launches INFH: The First Daily 2X Long ETF for Infleqtion, Inc.
June 05 2026 - 9:00AM

Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long INFQ ETF (INFH), expanding its lineup of single-stock leveraged ETFs designed for active traders seeking amplified exposure to innovative growth companies. INFH is designed for traders seeking magnified, short-term bullish exposure to Infleqtion, Inc. (NYSE: INFQ), a neutral-atom quantum technology company that builds quantum computers, quantum sensing systems, optical clocks, RF receivers, inertial sensors, and quantum software.

By seeking to deliver 200% of the daily percentage change in the share price of Infleqtion, Inc., the Fund allows investors to express tactical upside views on INFQ within the accessibility and transparency of an exchange-traded fund.

Investment Objective

The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Infleqtion, Inc. (NYSE: INFQ). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.

Underlying Stock: Infleqtion, Inc.

Infleqtion, Inc. is a neutral-atom quantum technology company that builds quantum computers, quantum sensing systems, optical clocks, RF receivers, inertial sensors, and quantum software. The company serves government, defense, aerospace, critical infrastructure, and enterprise customers. Infleqtion became a publicly traded company through a business combination with Churchill Capital Corp X, a special purpose acquisition company (SPAC), which closed on February 17, 2026. Infleqtion, Inc. is listed on the New York Stock Exchange and operates within the quantum technology industry.

An investment in the ETF is not a direct investment in Infleqtion, Inc.

The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the performance of the Underlying Security and is designed strictly for short-term use. For periods longer than a single day, the Fund's performance will be the result of compounded daily returns, which is very likely to differ from 200% of the return of INFQ over the same period. It is possible that investors could lose their entire principal within a single trading day.

Media Contact:
Sylvia Jablonski
info@defianceetfs.com
833.333.9383

IMPORTANT DISCLOSURES

Defiance ETFs LLC is the ETF sponsor. The Fund's investment adviser is Tidal Investments, LLC ("Tidal" or the "Adviser").

The Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and/or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.

Investing involves risk. Principal loss is possible. As an ETF, the Fund may trade at a premium or discount to NAV. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single issuer or sector may be subject to a higher degree of risk. There is no guarantee the Fund's strategy will be properly implemented, and an investor may lose some or all of its investment.

INFQ Price Decline Risk. As part of the Fund's leveraged investment strategy, the Fund enters into swap agreements and options contracts based on the share price of Infleqtion, Inc. (NYSE: INFQ) (the "Underlying Security"). This strategy subjects the Fund to certain of the same risks as if it owned shares of the Underlying Security, even though it does not. By virtue of the Fund's indirect 2X exposure to changes in the share price of the Underlying Security, the Fund is subject to the risk that the Underlying Security's share price declines. If the share price of the Underlying Security decreases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks:

Indirect Investment in INFQ Risk. Infleqtion, Inc. is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates, and is not involved with this offering in any way. Infleqtion, Inc. has no obligation to consider the Fund or its shareholders in taking any corporate actions that might affect the value of Fund shares. Investors in the Fund will not have voting rights or other ownership privileges associated with holding shares of Infleqtion, Inc.

INFQ Poor Performance Risk. The market value of Infleqtion, Inc. may decline if the company fails to meet or maintain its business expectations, and may be further affected by the early-stage nature of its technology, the challenges of building scalable and commercially viable quantum computing and quantum sensing products, dependence on continued research and development success, the need for additional financing, intense competition within the quantum technology sector, intellectual property and patent disputes, reliance on government, defense, and enterprise contracts, and risks associated with having recently become public through a SPAC business combination. Because Infleqtion operates in an emerging industry with a limited operating history, its valuation may be highly sensitive to technological milestones, contract awards, capital-raising activity, and investor sentiment regarding the quantum technology sector. Adverse developments specific to Infleqtion, Inc. or the broader quantum technology industry could negatively impact the Fund's performance.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment that diversifies risk or tracks the market generally. The Fund's value may fluctuate more sharply in response to events affecting Infleqtion, Inc. than funds that invest in a broader range of issuers.

Compounding and Market Volatility Risk. The Fund's performance for periods greater than a trading day will be the result of each day's returns compounded over the period, which is likely to differ from 200% of the Underlying Security's performance. During periods of higher volatility, compounding effects may cause the Fund to lose value even if the Underlying Security's share price increases over the longer term.

Daily Correlation/Tracking Risk. There is no guarantee that the Fund will achieve a high degree of leveraged correlation to the Underlying Security. Market disruptions, volatility, or limitations in the availability of derivatives may cause the Fund's performance to deviate from its daily leveraged investment objective.

Leverage Risk. The Fund will seek 2X long exposure through financial instruments, which exposes the Fund to the risk that losses may be magnified. Leverage increases the Fund's volatility, and a relatively small movement in the Underlying Security's share price may result in significant losses for the Fund.

Counterparty Risk. The Fund is subject to counterparty risk due to its use of derivatives. If a counterparty fails to meet its contractual obligations, the Fund may experience delays or losses, which could negatively affect its performance.

Derivatives Risk. The Fund's investments in derivatives may pose risks greater than those associated with directly investing in securities. These risks include increased volatility, imperfect correlation with the Underlying Security, liquidity constraints, valuation challenges, and the potential for losses exceeding the amount initially invested.

Rebalancing Risk. If the Fund is unable to rebalance its portfolio correctly or in a timely manner, its exposure may not be consistent with its investment objective. This may increase the Fund's risk exposure and cause its performance to diverge from its intended daily leveraged results.

Non-Diversification Risk. Because the Fund is non-diversified, it may invest a greater percentage of its assets in a single issuer. As a result, the Fund may be more sensitive to adverse events affecting Infleqtion, Inc. than a diversified fund.

Quantum Technology Industry Risk. The quantum technology industry may be significantly affected by intense competition, rapid technological change, and the substantial costs of research and development. Many quantum technology companies rely heavily on patent protection and intellectual property rights, and may face disputes over those rights. Companies in this sector frequently have limited operating histories, may operate at a loss for extended periods while pursuing product development and commercialization, and may require additional financing that may not be available on favorable terms or at all. The success of quantum technology companies depends on their ability to build scalable, commercially viable products and to attract and retain specialized talent. Securities of quantum technology companies may be more volatile than the broader market, reflecting the speculative nature of the industry and the risks inherent in pioneering emerging technologies. Negative technological developments, failure to secure contracts or funding, or adverse industry conditions may significantly impact company valuations and adversely affect the Fund's performance.

Swap Agreements. The use of swap transactions is a highly specialized activity, which involves investment techniques and risks different from those associated with ordinary portfolio securities transactions.

Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates.

High Portfolio Turnover Risk. Daily rebalancing is expected to result in high portfolio turnover. High portfolio turnover may increase transaction costs, which could reduce the Fund's returns and potentially result in higher taxable distributions for shareholders.

Liquidity Risk. Some securities or financial instruments held by the Fund may be difficult to sell, particularly during periods of market stress or volatility. Reduced liquidity may make it difficult for the Fund to adjust its exposure or meet its investment objective.

New Fund Risk. The Fund is a recently organized management investment company with a limited operating history. As a result, there is limited performance history upon which investors can evaluate the Fund.

Diversification does not ensure a profit nor protect against loss in a declining market. Brokerage commissions may be charged on trades.

Distributed by Foreside Fund Services, LLC.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f788ee0d-ce81-4398-bb69-92ded4133e36

Infleqtion Expands UK Quantum Operations with New Oxford Innovation Centre and Manufacturing HubMay 28, 2026 3:12 AM
Business Wire Infleqtion to recruit world-class quantum talent across physics, engineering, software, manufacturing, and systems integration Infleqtion (NYSE: INFQ) today announced a major expansion of its UK quantum operations with the launch of a new Quantum Innovation Centre in Oxford. The Centre will serve as a hub for quantum research, manufacturing, and systems integration, supporting the company’s next phase of growth in the UK. Scheduled to open later this year, the facility reflects Infleqtion’s long-term commitment to the UK quantum ecosystem and its recognition of the country as a global leader in quantum talent and research. Infleqtion has operated in the UK since 2014, building one of the country’s most advanced quantum technology development teams across computing, sensing, and precision timing. Through sustained collaboration with the UK government, national laboratories, and leading research institutions, Infleqtion has advanced sovereign UK quantum capability. Infleqtion delivered the UK’s first operational 100-physical-qubit quantum computer to the National Quantum Computing Centre (NQCC) at Harwell, becoming the first and only company to achieve the UK government’s 2025 target for a 100-qubit system. Infleqtion has also conducted Royal Navy sea trials of its Tiqker™ optical atomic clock aboard the MOD’s Excalibur autonomous submarine, with additional trials planned for its quantum inertial navigation technology. Additional UK programmes include an Innovate UK-funded quantum RF sensing initiative and a funded contract to deliver the UK’s first optical atomic clock. Expansion Details The UK Quantum Innovation Centre will occupy a dedicated facility at Oxford Technology Park, tripling the size of Infleqtion's research, production, and systems integration capabilities. The Centre will attract the highest caliber physicists, engineers, software developers, and systems integration specialists, building one of the most capable quantum workforces in the country. "The UK has become a global quantum leader through sustained government support, academic excellence, and industrial investment," said Colin Sullivan, Managing Director of Infleqtion UK. "After more than a decade in the UK quantum ecosystem, we've built a sovereign skills base and invested heavily in onshore technology. This Centre marks our commitment to scaling up and transitioning from R&D to production right here in the UK. We'll soon be manufacturing some of the world's most advanced quantum technologies in Oxford and Harwell, growing the UK’s amazing talent in this sector, and supporting the UK Government's ambition to lead quantum technology and capability globally while creating economic and societal benefits. " Operational Deployments Infleqtion has built its UK presence on a record of delivery. When the UK Department for Science, Innovation and Technology announced up to £2 billion in long-term quantum investment, it highlighted Infleqtion's work at the NQCC as a defining example of progress toward national quantum capability. Infleqtion delivered the UK's first 100-physical-qubit quantum computer to the NQCC at Harwell, achieving a major UK national strategy goal for 2025 and becoming the first and only company to meet the UK government's target for a 100-qubit system by year-end. The UK Quantum Innovation Centre will strengthen Infleqtion's ability to support and expand that national infrastructure, providing domestic research and manufacturing capacity aligned with the NQCC's long-term mission. The company also leads a £2.2 million programme with the NQCC and Quantum Software Lab to deliver 10-100x improvements in gate speed and parallel processing. In October 2025, Infleqtion deployed its Tiqker™ optical atomic clock aboard the MOD's Excalibur (XCal) autonomous submarine, the first quantum optical clock to operate on an underwater vessel and the first external technology integrated into the XCal programme. Tiqker™ operated reliably across multiple dives, providing precision timing without GPS or surface signals. Royal Navy trials will resume in late June. Infleqtion is advancing Quantum Direction Finding (QuDiFi), an Innovate UK-funded programme to develop a deployable quantum RF direction-finding system based on Rydberg-atom broadband sensing. Infleqtion is the only company with contracted atom-based RF sensing programmes across all three AUKUS partners, with prime integrators including Dell Federal, L3Harris, and SAIC. Aligned with the UK's National Quantum Strategy and ProQure The UK Quantum Innovation Centre opens as the government scales investment through its National Quantum Strategy and the Quantum Leap initiative, targeting quantum deployment across government, defence, research, and industry. Infleqtion has aligned its UK investment roadmap with the Government’s quantum computing priorities under the ProQure programme. ProQure is the UK Government’s procurement initiative to identify, develop and deploy world-leading quantum computing capabilities, bringing together R&D, manufacturing, hardware, software and procurement to support future acquisition of large-scale quantum systems beyond 2030. Infleqtion is also expanding its sensing and software capabilities in the UK, including quantum optical atomic clocks, quantum-enabled navigation and quantum radio frequency (QRF) Rydberg sensing. The company has already deployed systems in the UK, established domestic manufacturing, and secured contracts with national laboratories, the Ministry of Defence and other government agencies, reinforcing its strong UK presence. About Infleqtion Infleqtion, Inc. (NYSE: INFQ) is a global leader in quantum technology, delivering neutral-atom solutions for quantum computing, networking, sensing, and security. With a product portfolio spanning quantum computers, quantum optical clocks, RF receivers, and inertial sensors, Infleqtion’s full-stack approach combines high-performance hardware with the company’s proprietary Superstaq™ quantum computing software platform. Infleqtion’s systems are already in use by the U.S. Department of War, NASA, the U.K. government, and in multiple collaborations with NVIDIA. Infleqtion, in collaboration with NVIDIA, published the world’s first demonstration of a materials science application using logical qubits. With operations in the U.S., Europe, and Asia, Infleqtion meets the demands of government and commercial customers across the space, defense, energy, finance and telecommunications sectors. For more information, visit Infleqtion.com or follow Infleqtion on LinkedIn, YouTube, and X. Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws, including the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects,” “seeks,” “will,” and variations of these words or similar expressions that are intended to identify forward-looking statements. All statements, other than statements of historical facts, including without limitation statements regarding the ability of Infleqtion to successfully execute a definitive agreement with the UK Department for Science, Innovation and Technology (the “Department”) on acceptable terms; the completion of due diligence to the satisfaction of the Department; the anticipated amount, timing, terms and conditions of any Department funding, including whether up to $100 million in Department funding will ultimately be made available; Infleqtion’s ability to satisfy any conditions, milestones or other requirements associated with the receipt of funding, Infleqtion’s development of its neutral-atom quantum computing technology, and any other statements regarding the Company’s business outlook, customer demand, commercial opportunities, and market momentum, are forward-looking statements. These statements are based on Infleqtion’s current expectations, assumptions and projections as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially and adversely. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, without limitation, those related to Infleqtion’s ability to recognize anticipated benefits of its business combination with Churchill Capital Corp X; the implementation, market acceptance, and success of Infleqtion’s business model, growth strategy, and opportunities, and its ability to commercialize its quantum computing and quantum sensing technology; the expected benefits of and ability to maintain and enter into new contracts, awards, and other relationships, partnerships, or collaborations with governments, government entities, universities, or commercial partners; the risk that Department funding may not be made available in the anticipated amount or at all due to appropriations, budget sequestration, continuing resolutions, agency reprogramming decisions, or changes in government funding priorities; the ability to develop and deploy neutral-atom quantum computing products on anticipated timelines and at anticipated performance levels; the ability to achieve fault-tolerant and utility-scale quantum computing, including anticipated improvements in entangling gate fidelity; the ability of resource-Superstaq ™ and the Superstaq ™ platform to achieve commercial and research adoption; the potential for quantum computing technology to achieve quantum advantage; the ability of Infleqtion’s products to meet government counterparties’ and customers’ technical requirements and compliance and regulatory needs; Infleqtion’s ability to obtain and maintain intellectual property protection and not infringe on the rights of others; and other risks and uncertainties described in Infleqtion’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528409132/en/ Contacts:
Media
Media@infleqtion.com Original: Infleqtion Expands UK Quantum Operations with New Oxford Innovation Centre and Manufacturing Hub

This 1 Stock Just Got MASSIVE Trump Backing



Starts at 10 minutes.

The U.S. Invests $2 Billion Into Quantum Computing | The 9 Companies You Need to Know



Nice move up in OBV.
Weekly Chart
https://schrts.co/EmwvFrxT

Found this on the INFQ board at stocktwits this morning. That’s my only source for this. So take it as it’s worth. It’s it’s accurate though….
Infleqtion Delivers First Quantum Material Design Application Powered by Logical Qubits and NVIDIA CUDA-Q

Neutral Atom Quantum Computing Breakthrough Opens Door to Development of More Efficient Batteries, High-Temperature Superconductors, and More

Infleqtion, the world’s leading quantum information company announced the world’s first demonstration of a materials science application powered by logical qubits. Leveraging the NVIDIA CUDA-Q platform, the demonstration, conducted in collaboration with the University of Chicago and the University of Wisconsin, achieved a 6x boost in application-level computational accuracy. This marks a transformative step forward in quantum computing and showcasing the technology’s potential to tackle otherwise intractable computational challenges, such as the design of next-generation materials.

In case folks missed this.

https://marketchameleon.com/articles/b/2026/5/21/infleqtion-breakthroughs-quantum-gate-fidelity-open-source-platform

Good morning sunshine. You keep referring to the........

"government" but it's individuals making these decisions. Folks that are smarter than you or me.

The "government" is taking a position in these companies, so a ROI is possible.

Unlike government run grocery stores, Learing Centers with no children, or hospices with no patients.

Happy Friday and thanks for the upbeat outlook. It's always refreshing and inspiring. Have an AWESOME Memorial Day!

Infleqtion has a better story and just got IPO last month.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=177431062

So you think IBM needed a bail out?
I do not read the investments as a bail out for the wek quantum companies at all. There is an interesting selection and seems to be focussed on ramping up the supply chain capacity
yes IONQ isnt ion the list because they have lot of cash and good revenues (not yet EBITDA positive yet) and probably didn't want to be under the govts scrutiny

The whole market of quantum companies will be a great exercise for Geoffery Moore enthusiasts like me - read "The gorilla game" to understand how things wil shake out through mergers and yes a few companies falling by the wayside.

Good clear product marketing is required by these companies and may be the govt investment will help them focus on their strengths and not chase every possible activity

This week's government bailout of quantum companies due to their impending bankruptcies is a very bad sign. The fact is that the currently 700 "leading quantum companies" can't make money and are losing more money each quarter. The government needed to come in to prop up the shaky, falling hot-air-hyped companies. The government knows the companies are unable to support these continued loses. Dilution has been bad, and the investors have been catching on to the individual companies' manipulation and failed promises. Because of this, free market investor interest had been drying up.

There is going to be an extreme drop from here. The government itself has had debt of $36.2 trillion last year and reached a new record of over $39 trillion this week. 30 year bond interest rates are increasing. More hype here is the beginning of the end. The whole house of cards is in for a huge drop.

Quantum computing stocks rally after report of planned $2 billion U.S. funding packageMay 21, 2026 8:54 AM
IH Market News Shares of several quantum computing companies surged in U.S. premarket trading on Thursday following a media report that the Trump administration plans to award US$2 billion in grants to firms operating in the sector.According to a report by The Wall Street Journal citing the U.S. Commerce Department, the funding agreements are expected to include equity stakes for the U.S. government.Washington has previously structured similar arrangements involving minority stakes in companies from other strategic industries, including magnet producer Vulcan Elements and mining group MP Materials.The Commerce Department has already agreed to provide US$1 billion of the package to IBM, which is widely regarded as one of the leaders in the race to develop quantum systems capable of outperforming traditional supercomputers.GlobalFoundries (NASDAQ:GFS) is set to receive US$375 million under the programme.The Wall Street Journal also reported that D-Wave Quantum (NYSE:QBTS), Rigetti Computing (NASDAQ:RGTI) and Infleqtion (NYSE:INFQ) are each expected to receive US$100 million in funding.Startup Diraq is reportedly due to receive US$38 million.Shares of the companies mentioned in the report climbed between 7% and 19% ahead of the market open.Alongside artificial intelligence, quantum computing has become a strategic priority for the Trump administration as policymakers seek to strengthen industries viewed as critical for both economic competitiveness and national security.The report noted that the funding transactions, which are expected to be financed through programmes created under the 2022 Chips and Science Act, have not yet been finalised.A senior Commerce Department official told the newspaper there is now a clearer pathway toward commercial quantum computing becoming viable.The Wall Street Journal also reported, citing people familiar with the matter, that the White House is preparing a new executive order focused specifically on the quantum computing industry.GlobalFoundries stock priceD-Wave Quantum stock priceRigetti Computing stock priceInfleqtion stock price Original: Quantum computing stocks rally after report of planned $2 billion U.S. funding package

Infleqtion Signs Letter of Intent with the U.S. Department of Commerce for $100 Million to Accelerate U.S. Leadership in Quantum ComputingMay 21, 2026 6:49 AM
Business Wire CHIPS Incentive would advance quantum computing technologies critical to U.S. economic competitiveness and national security Summary Advances domestic quantum manufacturing, supply chain and workforce capabilities needed to support the next generation of computing technologies Supports a milestone-based program designed to accelerate Infleqtion’s neutral-atom technology roadmap across quantum hardware, photonics and full-stack system development, while further supporting the company’s long-term government and national security initiatives Infleqtion’s quantum technologies are already supporting operational programs across national security, energy and scientific research, including DARPA, the U.S. Department of Energy, NASA and the U.S. Department of War The company has an ongoing collaboration with NVIDIA that includes demonstrating the industry’s first logical-qubit-powered materials science application using Infleqtion’s Sqale neutral-atom quantum computer  Infleqtion (NYSE: INFQ), a global leader in quantum computing and quantum sensing powered by neutral-atom technology, announced it signed a Letter of Intent (LOI) with the U.S. Department of Commerce’s CHIPS Research and Development Office for $100 million in proposed funding contingent on achievement of certain development milestones to accelerate U.S. based quantum computing technologies. The investment will accelerate Infleqtion’s development of neutral-atom quantum systems as the United States expands domestic computing capabilities critical to economic competitiveness and national security. “Quantum computing is emerging as a foundational technology for economic competitiveness, technological leadership, and national security,” said Matt Kinsella, Chief Executive Officer of Infleqtion. “This investment reflects the transformative potential of quantum innovation, and we’re honored to work with the Department of Commerce to accelerate U.S. leadership in quantum computing.” Even with continued advances in AI and classical computing, many critical problems in chemistry, materials science, energy and national security remain beyond the practical limits of conventional computing architectures. Quantum systems are emerging as an important new computing approach for addressing these challenges, with the potential to unlock new advances in materials discovery, energy infrastructure, chemistry and national security. Infleqtion has been an early leader in neutral-atom quantum systems, which operate at room temperature and are already supporting deployable quantum systems in operational environments. The company is developing quantum technologies designed to support national security, energy and advanced computing applications. “With today’s CHIPS Research and Development investments in quantum computing, the Trump administration is leading the world into a new era of American innovation,” said Secretary of Commerce Howard Lutnick. “These strategic quantum technology investments will build on our domestic industry, creating thousands of high-paying American jobs while advancing American quantum capabilities.” "The Department of Commerce’s incentives strengthen and accelerate U.S. quantum leadership and technological resilience,” said Bill Frauenhofer, Executive Director of Semiconductor Investment and Innovation. “Quantum computing has significant implications for national defense, advanced materials and biopharmaceutical discovery, financial modeling and energy systems.” “NVIDIA and Infleqtion have long worked together to accelerate the capability of quantum computing through integration of quantum processors with GPU supercomputing,” said Timothy Costa, Vice President and General Manager for Quantum at NVIDIA. “This announcement is an important milestone for developing large-scale quantum computing systems in the United States, and we're excited to continue supporting Infleqtion on this journey.” The LOI proposes support for work focused on advancing neutral-atom quantum systems in the United States, including quantum hardware, photonics and quantum system development. The program is expected to support the continued expansion of quantum engineering, workforce, hardware, software and infrastructure capabilities across Infleqtion’s U.S. operations, strengthening domestic quantum computing capabilities critical to economic competitiveness and national security. Infleqtion operates quantum innovation centers in Boulder, Chicago and Madison supporting the development and deployment of quantum technologies in the United States. The LOI contemplates a portion of the award being funded up front and the remainder funded on a milestone-based award structure tied to eligible project costs and technical progress. The LOI also contemplates taxpayer upside through the issuance of Infleqtion common stock to the Department on the award date with a value of $100 million at a 15% discount to market based on the closing price on the execution date of the LOI or the definitive agreement, whichever is lower. The securities are expected to be held on a passive basis. Final terms remain subject to definitive award documents and required approvals. The proposed funding is contingent on completion of diligence and definitive award documents and internal approvals of the U.S. Government. Recent Milestones Expanded Infleqtion’s quantum software programs across defense, energy and research customers, including participation in DARPA’s HARQ program Selected for multiple U.S. Department of Energy programs supporting quantum computing applications in chemistry, materials science, and energy-grid optimization Ongoing collaboration with NVIDIA through the integration of NVIDIA AI models for quantum processor calibration and error-correction workflows on the Company’s Sqale neutral-atom quantum computer Achieved industry-leading technical milestones, including 1,600 physical qubits, 99.73% entangling fidelity, and becoming one of only a few companies to demonstrate a real-world application using logical qubits, with a roadmap targeting 30 logical qubits in 2026. About Infleqtion Infleqtion, Inc. (NYSE: INFQ) is a global quantum technology company built on a single neutral-atom platform spanning quantum computing, sensing, and software. Infleqtion’s platform combines hardware and software to support multiple products and markets from a common quantum core. The company is already deploying quantum technologies in operational environments across government, defense, energy, and space. Infleqtion’s technologies support programs and collaborations with the U.S. Department of War, NASA, the U.S. Department of Energy, the U.K. government, and NVIDIA. With operations in the U.S., Europe, and Asia, Infleqtion is advancing neutral-atom quantum technologies for computing, sensing, and software applications. For more information, visit Infleqtion.com or follow Infleqtion on LinkedIn, YouTube, and X. Forward looking statements This press release contains forward-looking statements within the meaning of federal securities laws, including the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects,” “seeks,” “will,” and variations of these words or similar expressions that are intended to identify forward-looking statements. All statements, other than statements of historical facts, including without limitation statements regarding the ability of Infleqtion to successfully execute a definitive agreement with the Department on acceptable terms; the completion of due diligence to the satisfaction of the Department; the anticipated amount, timing, terms and conditions of any Department funding, including whether up to $100 million in Department funding will ultimately be made available; Infleqtion’s ability to satisfy any conditions, milestones or other requirements associated with the receipt of funding, Infleqtion’s development of its neutral-atom quantum computing technology, and any other statements regarding the Company’s business outlook, customer demand, commercial opportunities, and market momentum, are forward-looking statements. These statements are based on Infleqtion’s current expectations, assumptions and projections as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially and adversely. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, without limitation, those related to Infleqtion’s ability to recognize anticipated benefits of its business combination with Churchill Capital Corp X; the implementation, market acceptance, and success of Infleqtion’s business model, growth strategy, and opportunities, and its ability to commercialize its quantum computing and quantum sensing technology; the expected benefits of and ability to maintain and enter into new contracts, awards, and other relationships, partnerships, or collaborations with governments, government entities, universities, or commercial partners; the ability to develop and deploy neutral-atom quantum computing products on anticipated timelines and at anticipated performance levels; the ability to achieve fault-tolerant and utility-scale quantum computing, including anticipated improvements in entangling gate fidelity; the ability of resource-superstaq and the Superstaq platform to achieve commercial and research adoption; the potential for quantum computing technology to achieve quantum advantage; the ability of Infleqtion’s products to meet government counterparties’ and customers’ technical requirements and compliance and regulatory needs; Infleqtion’s ability to obtain and maintain intellectual property protection and not infringe on the rights of others; and other risks and uncertainties described in Infleqtion’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520236633/en/ Investor Contact
investors@infleqtion.com Media Contact
media@infleqtion.com Original: Infleqtion Signs Letter of Intent with the U.S. Department of Commerce for $100 Million to Accelerate U.S. Leadership in Quantum Computing

Dealing With Red Days in Quantum Stocks

$INFQ News: Infleqtion Strengthens Neutral-Atom Quantum Computing Platform with New Technical Breakthroughs
May 20, 2026

Advances new open-source resource estimation tool, record-breaking qubit performance and novel atom transport technology, marking latest milestones toward utility-scale quantum computing

LOUISVILLE, Colo.--(BUSINESS WIRE)-- Infleqtion (NYSE: INFQ), a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today highlighted recent quantum computing advances that strengthen the company’s progress toward utility-scale, fault-tolerant quantum computing: the release of resource-superstaq, a new open-source architecture-level resource estimation package; a record dual-species rubidium-cesium entangling gate; a new theory preprint co-authored by Professor Mark Saffman, Infleqtion’s Chief Scientist for Quantum Information, showing a path to neutral-atom entangling-gate fidelity beyond 99.9%; and a static magnetic-field approach to sub-Doppler cooling and optical atom transport.

Together, the advances demonstrate the strength of Infleqtion’s full-stack approach to neutral-atom quantum computing, combining hardware-aware software, quantum error correction-enabling architectures, high-fidelity dual-species operations, gate-design theory for lower physical error rates, and scalable atom motion. By tightly coupling hardware development, quantum error correction, resource estimation, compilation and application design, Infleqtion is working to shorten the timeline to transformative quantum computing. The announced capabilities are designed to reduce resource overhead, support more efficient magic-state production, advance high-fidelity entangling operations, and enable fast, in-place syndrome measurement for scalable fault-tolerant systems.

“What's notable about these breakthroughs is that we're moving the needle on quantum software, hardware and theory simultaneously. Each of these advances represents a distinct layer of the quantum stack, from how we move atoms to how well our qubits perform to how developers interact with our systems,” said Pranav Gokhale, Chief Technology Officer and General Manager of Quantum Computing of Infleqtion. “Neutral atoms give us a uniquely flexible platform to do that since progress in one layer unlocks progress in the others. Collectively, these breakthroughs show how we’re building the entire foundation needed to unlock utility-scale quantum computing.”

Open-Source Resource Estimation for Fault-Tolerant Application Planning

Infleqtion has open-sourced resource-superstaq, the newest addition to the suite of tools and packages within Infleqtion’s commercial Superstaq quantum software platform. The technical preprint is available at Resource Estimation via Efficient Compilation of Key Quantum Primitives.

Quantum resource estimation is a critical element of modern quantum application development, enabling developers to extrapolate the quantum computing resources, including qubit count and circuit runtime, needed to execute an application at scale. Comparing these estimates with publicly available hardware roadmaps is one of the most direct methods for evaluating timelines for commercial-scale quantum solutions.

The new open-source package provides a practical on-ramp for customers, collaborators and researchers preparing applications for Infleqtion’s neutral-atom quantum computers. By estimating the resources required to execute fault-tolerant workloads on Infleqtion-relevant neutral-atom architectures, resource-superstaq gives users clearer insight into how their applications are expected to perform on Infleqtion systems, including projected qubit requirements, runtime and sensitivity to key compilation and error-correction assumptions. The tool also supports Infleqtion’s hardware and architecture development by helping evaluate how design choices such as atom movement, measurement zones, multi-species arrays and QEC implementation strategies affect application-level performance.

Because implementation and evaluation of neutral-atom hardware design decisions require substantial theoretical modeling and device engineering, resource-superstaq is designed to support a rapid design iteration cycle. The tool enables Infleqtion to efficiently explore the design space for fault-tolerant neutral-atom quantum computers and pair effective physical architectures and QEC-enabling middleware with high-impact applications.

By making resource-superstaq openly available, Infleqtion is giving customers, collaborators and the broader quantum research community a clearer view into how fault-tolerant quantum applications will perform on neutral-atom systems. The release allows users to explore the assumptions behind resource estimates, test the tool against their own workloads, and contribute improvements that expand its usefulness over time. This open, collaborative approach is intended to accelerate application readiness, strengthen confidence in resource estimates, and help the ecosystem make more informed decisions as the industry advances toward fault-tolerant quantum computing.

Development of resource-superstaq was performed in collaboration with the University of Chicago.

"Resource estimation only means something if it reflects how the hardware actually works. That's what makes this collaboration with Infleqtion so valuable,” said Professor Fred Chong of the University of Chicago. “Resource-superstaq is built around the real characteristics of Infleqtion’s neutral-atom systems, which means the estimates it produces are ones the research community can actually test, challenge, and build on. Enabling researchers to validate the assumptions behind a resource estimate is one of the best ways we can accelerate the path to fault-tolerant quantum computing."

Record Dual-Species Rb-Cs Gate Fidelity for In-Place Syndrome Measurement

Infleqtion researchers also demonstrated what the company believes is a world-record dual-species rubidium-cesium entangling gate fidelity in a neutral-atom quantum computing platform. The work, described in Qubit syndrome measurements with a high fidelity Rb-Cs Rydberg gate, reports an inter-species Rydberg gate between Rb and Cs atoms with world-record fidelity of 0.975 ± 0.002.

The dual-species architecture is a key element of Infleqtion’s roadmap because it enables fast, in-place quantum non-demolition qubit measurements for quantum error correction. By using different atomic species for data and ancilla qubits, Infleqtion’s approach can perform measurement operations with reduced disturbance to nearby data qubits, helping avoid additional movement or shelving operations that can slow logical cycle rates and add error.

The same work demonstrates multi-atom error syndrome measurements on two- and three-qubit plaquettes, core building blocks for surface-code quantum error correction. Infleqtion’s architecture combines fast in-place syndrome measurement enabled by the dual-species approach with in-place atom addressing and atom motion capabilities, creating a flexible platform for the physical operations required by fault-tolerant neutral-atom systems.

New Theory Work Shows Path to >99.9% Neutral-Atom Entangling Gates

Complementing Infleqtion’s experimental dual-species gate result, a new theory preprint from the University of Wisconsin-Madison, co-authored by Professor Mark Saffman, Infleqtion’s Chief Scientist for Quantum Information, identifies a path to improving neutral-atom entangling gate fidelities beyond 99.9%. The paper, Entangling gate performance and fidelity limits with neutral atom Förster resonances, outlines how refinements to Rydberg gate design could significantly improve one of the core building blocks required for fault-tolerant quantum computing.

High-fidelity entangling gates are essential to reducing the overhead required for quantum error correction. By showing a credible path to lower physical error rates, the new theory work complements Infleqtion’s recent hardware progress and supports the company’s broader roadmap toward scalable, fault-tolerant neutral-atom quantum computers.

The result also highlights one of the key advantages of neutral-atom systems: the ability to combine high-fidelity operations, flexible connectivity and scalable architectures in a platform designed for quantum error correction. Together with Infleqtion’s dual-species gate demonstration, resource estimation tools and atom motion advances, the work strengthens the case for neutral atoms as a leading path toward utility-scale quantum computing.

“This work demonstrates a credible path toward entangling-gate fidelities beyond 99.9%, an important milestone for scaling reliable quantum systems,” said Professor Mark Saffman, Chief Scientist for Quantum Information at Infleqtion. “Continued advances in gate performance can significantly reduce the overhead associated with quantum error correction and help accelerate the development of commercially useful quantum computers.”

Static Magnetic-Field Atom Transport for Scalable Neutral-Atom Architectures

Infleqtion also announced a new static magnetic-field technique for sub-Doppler cooling and optical transport of cesium atoms, described in Sub-Doppler laser cooling and optical transport of cesium with static magnetic fields. The result establishes a more effective approach for atom motion, a critical capability for neutral-atom quantum computing architectures.

Neutral-atom systems rely on the ability to prepare, move and arrange atoms while preserving coherence and minimizing operational complexity. Conventional alkali atom cooling often requires time-varying magnetic fields, which can introduce unwanted coupling between atom preparation and coherent operations. Infleqtion’s static-field approach enables sub-Doppler cooling and optical transport of cesium while keeping the magnetic-field gradient unchanged.

In the reported demonstration, Infleqtion achieved 17 µK temperatures, direct loading into a shallow optical lattice, and optical transport over 17 cm within the same static-field environment. The work supports continuous-operation architectures by spatially separating atom preparation from regions requiring long coherence times and by delivering millions of atoms per second to a science cell.

Webinar to Present and Discuss Results

Infleqtion will host a webinar on June 24, 2026 at 10:00am MDT to present its recent results and discuss their implications for fault-tolerant neutral-atom quantum computing, resource estimation, quantum error correction, high-fidelity entangling-gate design and scalable atom motion. Registration is available here.

About Infleqtion

Infleqtion, Inc. (NYSE: INFQ) is a global leader in quantum technology, delivering neutral-atom solutions for quantum computing, networking, sensing, and security. With a product portfolio spanning quantum computers, quantum optical clocks, RF receivers, and inertial sensors, Infleqtion’s full-stack approach combines high-performance hardware with the company’s proprietary Superstaq quantum computing software platform. Infleqtion’s systems are already in use by the U.S. Department of Defense, NASA, the U.K. government, and in multiple collaborations with NVIDIA. With operations in the U.S., Europe, and Asia, Infleqtion meets the demands of government and commercial customers across the space, defense, energy, finance and telecommunications sectors.

For more information, visit Infleqtion.com or follow Infleqtion on LinkedIn, YouTube, and X.

Forward looking statements

This press release contains forward-looking statements within the meaning of federal securities laws, including the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "projects," "seeks," "will," and variations of these words or similar expressions that are intended to identify forward-looking statements. All statements, other than statements of historical facts, including without limitation statements regarding the Company's development of its neutral-atom quantum computing technology, Infleqtion's Superstaq quantum software platform, anticipated timelines and milestones for fault-tolerant and utility-scale quantum computing, dual-species gate fidelity, entangling gate performance, and anticipated improvements thereto, atom transport and architecture development, collaborations with universities and other research and commercial partners, and any other statements regarding the Company's business outlook, customer demand, commercial opportunities, and market momentum, are forward-looking statements. These statements are based on Infleqtion's current expectations, assumptions and projections as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially and adversely. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, without limitation, those related to Infleqtion's ability to recognize anticipated benefits of its business combination with Churchill Capital Corp X; the implementation, market acceptance, and success of Infleqtion's business model, growth strategy, and opportunities, and its ability to commercialize its quantum computing and quantum sensing technology; the expected benefits of and ability to maintain and enter into new contracts, awards, and other relationships, partnerships, or collaborations with governments, government entities, universities, or commercial partners; the ability to develop and deploy neutral-atom quantum computing products on anticipated timelines and at anticipated performance levels; the ability to achieve fault-tolerant and utility-scale quantum computing, including anticipated improvements in entangling gate fidelity; the ability of resource-superstaq and the Superstaq platform to achieve commercial and research adoption; the potential for quantum computing technology to achieve quantum advantage; the ability of Infleqtion's products to meet government counterparties' and customers' technical requirements and compliance and regulatory needs; Infleqtion's ability to obtain and maintain intellectual property protection and not infringe on the rights of others; and other risks and uncertainties described in Infleqtion's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements except as required by law.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20260520479159r1&sid=acqr8&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20260520479159/en/

Media Contact
media@infleqtion.com

Investor Contact
investors@infleqtion.com

Source: Infleqtion, Inc.

Is up 14% YOY that good? Seems like it should be more. 

INFQ and XNDU Earnings Breakdown | ONDS and POET Explode



Daily Chart
https://schrts.co/NynsIpWH

Infleqtion Reports Record Q1 Revenue as Customer Demand AcceleratesMay 14, 2026 4:05 PM
Business Wire Updating 2026 revenue outlook to at least $40 million supported by expanding customer activity across the Company's quantum portfolio Infleqtion (NYSE: INFQ), (the “Company”) a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today reported Q1 2026 revenue of $9.5 million, up 14% year over year. Q1 performance reflected continued execution across the Company’s quantum computing, sensing, and software portfolio, supported by expanding customer activity in national security, space, and hybrid quantum-AI applications. First Quarter 2026 Financial Highlights Record Q1 revenue of $9.5 million, up 14% year over year; 100% organic and 100% from quantum GAAP loss from operations of $33.6 million Non-GAAP loss from operations of $13.2 million, which excludes stock-based compensation, acquisition and integration costs and go-public transaction expenses Net cash used in operations of $19.2 million with capital expenditures of $0.3 million Cash, cash equivalents and available-for-sale securities of $569 million as of March 31, 2026 Updated 2026 Guidance Increased revenue guidance for 2026 to at least $40 million supported by expanding customer activity across the Company's quantum portfolio Recent Milestones and Commercial Progress Announced Infleqtion’s role as a collaborator on NASA JPL’s Quantum Gravity Gradiometer Pathfinder mission, supported by $20 million in contracts to date Delivered upgraded quantum hardware for NASA’s Cold Atom Lab aboard the International Space Station building on Infleqtion’s quantum technology operating aboard the ISS since 2018 Announced availability of a first-of-its-kind partnership for quantum-enabled precision timing solution with Safran Electronics & Defense, integrating Infleqtion’s Tiqker™ quantum optical clock with Safran’s White Rabbit and SecureSync® systems to deliver resilient timing for mission-critical systems in GNSS-challenged environments Announced the acceleration of Quantum Spectrum, the Company’s atom-based RF sensing platform, in response to growing customer interest. Quantum Spectrum was the second-largest contributor to sensing revenue, with multiple new customer programs addressing demand for trusted signals and resilient communication in contested environments Expanded Infleqtion’s quantum software programs across defense, energy, and research customers, including a milestone win with the DARPA HARQ program. New engagements span compiler development, energy-grid optimization, and computational chemistry Contracted with the U.S. Navy to advance Infleqtion’s Contextual Machine Learning software for RF signal processing, with development underway toward an integrated prototype Selected for two U.S. Department of Energy programs to advance quantum computing applications in chemistry, materials science, and energy grid optimization, addressing markets representing trillions of dollars in global economic value Advanced Infleqtion’s collaboration with NVIDIA through adoption of NVIDIA Ising AI models for quantum processor calibration and error-correction decoding on the Company’s Sqale neutral-atom quantum computer Began trading on the NYSE under the symbol "INFQ" as the first publicly traded neutral-atom quantum computing company, marking a new chapter in the commercialization of quantum technology “Q1 reinforced our confidence that quantum is gaining momentum as the market shifts toward deployable systems, real applications, and measurable customer value,” said Matt Kinsella, CEO of Infleqtion. “Across computing, sensing, and software, we are seeing expanding customer activity especially in national security, space, and hybrid quantum-AI applications. These trends support our updated full-year outlook and strengthen our confidence in the year ahead.” “First quarter revenue of $9.5 million, up 14% year over year, is all organic and generated entirely from quantum products and software,” said Ilan Hart, Chief Financial Officer of Infleqtion. "Our strong cash position gives us flexibility to invest in R&D and go-to-market capability ahead of market momentum while maintaining disciplined operating controls.” Conference Call and Webcast Information The Company will host a conference call at 4:30 PM Eastern Time May 14, 2026, to discuss financial results. The call will be webcast live on the Company’s Investor Relations website at https://ir.infleqtion.com/ in the News & Events section. An archived replay will be available shortly after the call. Conference Call Details Live Call
Domestic Dial-In: 1-877-869-3847
International Dial-In: 1-201-689-8261 Replay
Domestic Dial-In: 1-877-660-6853
International Dial-In: 1-201-612-7415
Conference ID: 13760305 Webcast
Event URL: https://event.webcasts.com/starthere.jsp?ei=1761121&tp_key=0124651085 The replay will be available approximately three hours after the conclusion of the conference call through May 28, 2026. Upcoming Speaking and Event Participation J.P. Morgan Global Technology Conference - Wednesday, May 20 in Boston, MA Canaccord Virtual Quantum Symposium - May 21, 2026 American Physical Society DAMOP Annual Meeting - June 1-5 in Providence, RI Evercore Global TMT Conference - June 2 in San Francisco, CA Quantum Fringe - June 10-12 in Edinburgh, Scotland Economist Impact Commercializing Quantum Global 2026 - June 16-17 in London, UK Global Quantum Forum – July 21-23 in Chicago, IL Infleqtion, Inc.
Condensed Consolidated Statements of Operations and Comprehensive Loss
(Unaudited; in thousands, except share and per share amounts)     Three months ended March 31,       2026   2025             Total revenue   $ 9,461 $ 8,303 Total cost of revenue     7,470   4,926 Gross profit     1,991   3,377 Research and development     9,951   5,167 Selling, general and administrative     26,320   5,784 Grant income     (705)   (624) Loss from operations     (33,575)   (6,950) Other income (expense):           Interest income     3,202   356 Other, net     110   609 Total other income, net     3,312   965 Loss before income taxes     (30,263)   (5,985) Income tax expense (benefit)     -   - Net loss   $ (30,263) $ (5,985) Other comprehensive income (loss):           Unrealized loss on available-for-sale securities     (882)   - Foreign currency translation adjustment     (99)   416 Total other comprehensive (loss) income     (981)   416 Comprehensive loss   $ (31,244) $ (5,569)             Net loss per share attributable to common stockholders - basic and diluted   $ (0.26) $ (0.41) Weighted average shares used in computing net loss per share attributable to common stockholders – basic and diluted     118,162,332   14,737,927 The accompanying notes are an integral part of these condensed consolidated financial statements Infleqtion, Inc.
Condensed Consolidated Balance Sheets
(Unaudited; in thousands, except share and per share amounts)     As of       March 31, 2026 (Unaudited)   December 31, 2025 ASSETS           CURRENT ASSETS:           Cash and cash equivalents   $ 84,674 $ 11,694 Available-for-sale securities, current     358,866   34,318 Accounts receivable     6,858   9,543 Unbilled receivables     4,979   4,734 Inventories     4,869   4,299 Prepaid expenses and other current assets     4,630   10,036 Total current assets     464,876   74,624 Property and equipment, net     8,045   8,674 Operating lease right-of-use assets     4,680   4,923 Available-for-sale securities, non-current     125,117   17,157 Goodwill     9,315   9,315 Other assets     578   620 TOTAL ASSETS   $ 612,611 $ 115,313             LIABILITIES, CONVERTIBLE REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT)           CURRENT LIABILITIES:           Accounts payable   $ 3,718 $ 5,644 Accrued liabilities     9,803   8,610 Contract liabilities     8,942   6,871 Current portion of operating lease right-of-use liabilities     1,088   1,076 Deferred consideration payable, current     -   471 Total current liabilities     23,551   22,672 Operating lease liabilities, net of current portion     3,805   4,074 TOTAL LIABILITIES     27,356   26,746 Convertible Redeemable Preferred Stock:           Series Seed convertible redeemable preferred stock, $0.0001 par value per share     -   6,526 Series Seed II convertible redeemable preferred stock; $0.0001 par value per share     -   10,411 Series A convertible redeemable preferred stock, $0.0001 par value per share     -   36,658 Series B convertible redeemable preferred stock; $0.0001 par value per share     -   112,145 Series B-1 convertible redeemable preferred stock; $0.0001 par value per share     -   32,990 Series C convertible redeemable preferred stock; $0.0001 par value per share     -   71,733 Series C-1 convertible redeemable preferred stock; $0.0001 par value per share     -   26,351 Total Convertible Redeemable Preferred Stock     -   296,814 Commitments and contingencies (refer to note 9)           Stockholders' Equity (Deficit):           Preferred stock: $0.0001 par value per share; 100,000,000 shares authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively     -   - Common stock: $0.0001 par value per share; 1,400,000,000 shares authorized; 216,471,927 and 17,449,020 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively     22   2 Additional paid-in capital     846,657   21,931 Accumulated deficit     (261,349)   (231,086) Accumulated other comprehensive (loss) income     (75)   906 Total Stockholders' Equity (Deficit)     585,255   (208,247) Total Liabilities, Convertible Redeemable Preferred Stock and Stockholders' Equity (Deficit)   $ 612,611 $ 115,313 The accompanying notes are an integral part of these condensed consolidated financial statements Infleqtion, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited; in thousands)     Three months ended March 31,       2026   2025 Cash flows from operating activities           Net loss   $ (30,263) $ (5,985) Adjustments to reconcile net loss to net cash used in operating activities:           Depreciation and amortization expense     948   701 Stock-based compensation expense     8,293   1,118 Change in fair value of contingent obligation     631   - Other non-cash operating adjustments     (742)   (328) Changes in operating assets and liabilities:           Accounts receivable     2,658   1,931 Unbilled receivables     (255)   (2,699) Inventories     (570)   (1,112) Prepaid expenses and other current assets     181   675 Other assets     35   (13) Accounts payable     (1,915)   2,507 Accrued liabilities     (216)   (2,492) Contract liabilities     2,071   (1,070) Operating lease right-of-use assets     189   127 Operating lease right-of-use liabilities     (204)   (332) Net cash used in operating activities     (19,159)   (6,972) Cash flows from investing activities           Purchases of available-for-sale securities     (444,153)   - Maturities of available-for-sale securities     11,400   - Purchases of property and equipment     (312)   (408) Net cash used in investing activities     (433,065)   (408) Cash flows from financing activities           Proceeds from stock options exercised     771   371 Payment of offering costs     (3,306)   - Proceeds from recapitalization, net of redemptions     528,166   - Payment of cash consideration     (475)   (713) Net cash provided by (used in) financing activities     525,156   (342) Foreign currency translation     48   763 Net increase (decrease) in cash and cash equivalents and restricted cash   $ 72,980 $ (6,959) Cash, cash equivalents and restricted cash at beginning of period   $ 11,894 $ 48,142 Cash, cash equivalents and restricted cash at end of period   $ 84,874 $ 41,183 Supplemental non-cash disclosure of cash flow information           Conversion of preferred stock to common stock   $ (296,814) $ - Reclassification of deferred offering costs in connection with business combination   $ (9,298) $ - Unpaid offering costs   $ 786 $ - Unrealized gains or losses on available-for-sale securities   $ (882) $ - The accompanying notes are an integral part of these condensed consolidated financial statements Infleqtion, Inc.
Reconciliation of Non-GAAP Financial Measures
(in thousands) The following is a reconciliation of non-GAAP measures of Infleqtion, Inc. for the three months ended March 31, 2026 and 2025:           Three Months ended March 31,           2026   2025 Cost of Revenue         $ 7,470     $ 4,926 Adjustments:                 Stock-based compensation           1,017       92 Acquisition and integration costs               - Non-GAAP Cost of Revenue       $ 6,453     $ 4,834                             Three Months ended March 31,           2026   2025 R&D         $ 9,951     $ 5,167 Adjustments:                 Stock-based compensation           2,414       72 Acquisition and integration costs         -       - Non-GAAP R&D         $ 7,537     $ 5,095                             Three Months ended March 31,           2026   2025 SG&A         $ 26,320     $ 5,784 Adjustments:                 Stock-based compensation           4,862       954 Acquisition and integration costs         631       - Go-public transaction expenses           11,466       - Non-GAAP SG&A         $ 9,361     $ 4,830                             Three Months ended March 31,           2026   2025 Loss from operations         $ (33,575)     $ (6,950) Adjustments:                 Stock-based compensation           8,293       1,118 Acquisition and integration costs         631       - Go-public transaction expenses           11,466       - Non-GAAP operating loss       $ (13,185)     $ (5,832)                             Three Months ended March 31,           2026   2025 Net loss         $ (30,263)     $ (5,985) Adjustments:                 Stock-based compensation           8,293       1,118 Acquisition and integration costs         631       - Go-public transaction expenses           11,466       - Non-GAAP Net loss         $ (9,873)     $ (4,867) Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws, including the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "anticipates," "believes," "plans," "seeks," "will" and variations of these words or similar expressions that are intended to identify forward-looking statements. All statements, other than statements of historical facts, including without limitation statements regarding the Company’s expected 2026 revenue, business outlook, customer demand, commercial opportunities, and market momentum. These statements are based on Infleqtion’s current expectations, assumptions and projections as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially and adversely. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, without limitation, those related to Infleqtion’s ability to recognize anticipated benefits of its business combination with Churchill Capital Corp X; the implementation, market acceptance, and success of Infleqtion’s business model, growth strategy, and opportunities, and its ability to commercialize its quantum computing technology; the expected benefits of and ability to maintain and enter into new contracts, awards, and other relationships, partnerships, or collaborations with governments or government entities; the potential for quantum computing technology to achieve quantum advantages; the ability of Infleqtion’s products to meet government counterparties’ and customers’ technical requirements and compliance and regulatory needs; Infleqtion’s ability to obtain and maintain intellectual property protection and not infringe on the rights of others, and other risks and uncertainties described in Infleqtion’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements except as required by law. Non-GAAP Financial Measures This press release includes certain non-GAAP financial measures. Infleqtion believes these measures provide investors with additional insight into the underlying performance of the business. These non-GAAP financial measures should not be considered in isolation or as substitutes for the comparable GAAP measures. In addition, these non-GAAP financial measures may not be computed in the same manner as similarly titled measures used by other companies. “Non-GAAP operating loss” is defined as loss from operations adjusted to add back, when applicable, stock-based compensation, go-public transaction expenses, acquisition and integration costs, and impairment of assets and goodwill. “Non-GAAP net loss” is defined as net loss adjusted to add back, when applicable, stock-based compensation, go-public transaction expenses, acquisition and integration costs, change in fair value of contingent consideration, change in fair value of SAFE liabilities, and impairment of assets and goodwill. See “Reconciliation of Non-GAAP Financial Measures” in this press release for reconciliations of these non-GAAP measures to the most directly comparable GAAP measures. About Infleqtion Infleqtion, Inc. (NYSE: INFQ) is a global leader in quantum technology, delivering neutral-atom solutions for quantum computing, networking, sensing, and security. With a product portfolio spanning quantum computers, quantum optical clocks, RF receivers, and inertial sensors, Infleqtion’s full-stack approach combines high-performance hardware with the company’s proprietary Superstaq quantum computing software platform. Infleqtion’s systems are already in use by the U.S. Department of War, NASA, the U.K. government, and in multiple collaborations with NVIDIA. Infleqtion, in collaboration with NVIDIA, published the world’s first demonstration of a materials science application using logical qubits. With operations in the U.S., Europe, and Asia, Infleqtion meets the demands of government and commercial customers across the space, defense, energy, finance and telecommunications sectors. For more information, visit Infleqtion.com or follow Infleqtion on LinkedIn, YouTube, and X. View source version on businesswire.com: https://www.businesswire.com/news/home/20260514397902/en/ Investor Contact
Marcus Kupferschmidt
investors@infleqtion.com Media Contact
Stephanie Knight
Solebury Strategic Communications
sknight@soleburystrat.com Original: Infleqtion Reports Record Q1 Revenue as Customer Demand Accelerates

thought with todays news we might have a healthier spike in pps

Infleqtion to Present at J.P. Morgan Global Technology, Media, and Communications ConferenceMay 12, 2026 4:30 PM
Business Wire Infleqtion (NYSE: INFQ), a global leader in quantum computing and quantum sensing powered by neutral-atom technology, announced that Matt Kinsella, CEO of Infleqtion, will present at the J.P. Morgan Global Technology, Media, and Communications Conference taking place May 18-20, 2026, in Boston, MA. Conference Details: J.P. Morgan Global Technology, Media, and Communications Conference
Date & Time: May 20, 2026, at 10:00 am ET
Format: Fireside Chat
Presenter: Matt Kinsella, Infleqtion CEO A webcast of the event will be available on the Infleqtion IR website. About Infleqtion Infleqtion, Inc. (NYSE: INFQ) is a global leader in quantum technology, delivering neutral-atom solutions for quantum computing, networking, sensing, and security. With a product portfolio spanning quantum computers, quantum optical clocks, RF receivers, and inertial sensors, Infleqtion’s full-stack approach combines high-performance hardware with the company’s proprietary Superstaq quantum computing software platform. Infleqtion’s systems are already in use by the U.S. Department of War, NASA, the U.K. government, and in multiple collaborations with NVIDIA. Infleqtion, in collaboration with NVIDIA, published the world’s first demonstration of a materials science application using logical qubits. With operations in the U.S., Europe, and Asia, Infleqtion meets the demands of government and commercial customers across the space, defense, energy, finance and telecommunications sectors. For more information, visit Infleqtion.com or follow Infleqtion on LinkedIn, YouTube, and X. View source version on businesswire.com: https://www.businesswire.com/news/home/20260512306509/en/ Investor
Marcus Kupferschmidt
investors@infleqtion.com Media
media@infleqtion.com Original: Infleqtion to Present at J.P. Morgan Global Technology, Media, and Communications Conference

what am i missing here. anyone here know.

Infleqtion to Report First Quarter 2026 Financial Results on May 14, 2026May 4, 2026 8:35 AM
Business Wire
Infleqtion (NYSE: INFQ) (the “Company”), a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today announced that it will release its financial results for the quarter ended March 31, 2026, on Thursday, May 14, 2026, after the financial markets close.


The Company will host a conference call at 4:30 PM Eastern Time the same day to discuss financial results. The call will be webcast live on the Company’s Investor Relations website at https://ir.infleqtion.com/ in the News & Events section. An archived replay will be available shortly after the call.


Conference Call Details


Live Call

Domestic Dial-In: 1-877-869-3847

International Dial-In: 1-201-689-8261


Replay

Domestic Dial-In: 1-877-660-6853

International Dial-In: 1-201-612-7415

Conference ID: 13760305


Webcast

Event URL: https://event.webcasts.com/starthere.jsp?ei=1761121&tp_key=0124651085


The replay will be available approximately three hours after the conclusion of the conference call through May 28, 2026.


About Infleqtion

Infleqtion, Inc. (NYSE: INFQ) is a global quantum technology company delivering neutral-atom solutions for quantum computing and quantum sensing. The Company’s portfolio includes quantum computers, quantum optical clocks, RF receivers, inertial sensors, and its proprietary Superstaq quantum computing software platform. Infleqtion’s systems are in use by the U.S. Department of War, NASA, and the U.K. government, and the Company is engaged in multiple collaborations with NVIDIA. Infleqtion, in collaboration with NVIDIA, published the world’s first demonstration of a materials science application using logical qubits. With operations across the U.S., Europe, and Asia, Infleqtion serves government and commercial customers in sectors including space, national security, energy, finance, and telecommunications. Learn more at Infleqtion.com or follow Infleqtion on LinkedIn, YouTube, and X.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260507535357/en/
Investor Contact

Marcus Kupferschmidt

investors@infleqtion.com
Media Contact

Stephanie Knight

Solebury Strategic Communications

sknight@soleburystrat.com


Original: Infleqtion to Report First Quarter 2026 Financial Results on May 14, 2026

Just saw this posted on stocktwits. Taking it for what it may be. INFQ Ships Large Neutral Atom System with up to 500 Qubits to the Institute for Molecular Science in Japan

Quantum Marketplace®: Quantum Sensing


Starts at 7:40.

It all started here at the Capital One Hall in Tyson's Corner in 2024.

The chart shows OBV is in a downtrend. We are early to quantum computers and it is hard to determine which ones will be the leaders so it is wise to own shares in all of them and adjust accordingly.

Weekly Chart
https://schrts.co/areJpcxP

The price is supported by the 50 DMA
Daily Chart
https://schrts.co/jGWDrfwp

Follow Quantum Bull for a good overview:

Thanks. XNDU is another quantum that just went public I think in March

I never heard of xnduThis stock is a flip trade 
Look at usar Moving up like  a ferrari 

Hi Warby 3, you seem to have some insight here about INFQ. Can you tell me what XNDU has going for them that INFQ doesn't. From what I understand XNDU is also a Spac stock with almost no earnings and are losing a ton of money. Just don't get it. TIA

If the shares trade at or above 12.00 for 15 days the lockup is terminated Not consecutive days as i read the notes 

Thanks GLTU

And no, no one knows when that will be. 
I bought some this AM hoping it’s drying up but 🤷‍♂️

They don’t have shares unlocked as of last week
The bleeding will stop when unlocked shares are sold 

when does the bleeding stop here. what is it that XNDU have that we don't. really confused with this.

I’ve read where it’s down due to insider share lockup ending a few days ago. 
But I can’t find info about this. 
Anyone?

certainly seems like someone is holding this down. for what reason i can't figure it out

The run is over for now apparently 
Fingers crossed we see it again 

It went, Friday morn...!! Finally got above my ill-timed $20 entry...10-29-25

Then it dropped, so I sold a 5-15 $15 put and collected a nice $202! The company has a lot going for it. If it drops below $15, I wouldn't mind ending up with 100 more shares.

Unlike scam rite, it's a real company. As are all of my 70 odd holdings.

Inside Infleqtion's Quantum HQ: The Dawn of the Atomic Era

This turned out really wellAnalysts say 22
Congrats to all who stuck it out 

$INFQ: Bullish call flow on 7/17 $35calls..........



Prem at $1.90 already up $1.30 today......... Shares at $19.70 right now

Biggggggggggggg moves there.

Some governent interest as well.

Infleqtion supports the Senate Commerce Committee in advancing the National Quantum Initiative Reauthorization Act to the Senate floor, a critical step for the advancement of quantum tech that will modernize the quantum-industrial base and more: https://t.co/jMXjjz8vYq pic.twitter.com/g1Ev2Cixy2— Infleqtion (@infleqtion) April 16, 2026


GO $INFQ

https://quantumzeitgeist.com/nvidia-ising-decoding-cuts-burden/