The warrant delisting eliminates future dilution from warrant exercises at $11.50. Monitor for the cash payment terms and any impact on common stock liquidity. The common stock remains listed on the NYSE.
Price Chart
Executive Summary
The New York Stock Exchange filed a Form 25-NSE to delist IonQ's redeemable warrants (exercisable at $11.50 per share) as of October 12, 2026, because the warrants have been converted into other securities or represent only the right to receive an immediate cash payment. Trading in the warrants was suspended on September 29, 2026.
Key Facts
- NYSE filed Form 25-NSE to remove IonQ's redeemable warrants from listing and registration.
- Delisting effective at the opening of business on October 12, 2026.
- Warrants were suspended from trading on September 29, 2026.
- The warrants now represent only the right to receive an immediate cash payment, per Rule 12d2-2(a)(3).
- Each warrant was exercisable for one share of common stock at $11.50 per share.
Financial Impact
Warrant holders will receive an immediate cash payment; no further trading in the warrants. The cash payment amount is not disclosed in the filing.
Risk Factors
- Warrant holders may receive less than the intrinsic value if the cash payment is below the spread between common stock price and $11.50.
- No further trading in warrants removes a potential source of volatility and arbitrage.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000804 |
| Document: 0000876661-26-000804-index.html | 0000876661-26-000804 |
| Document: 0000876661-26-000804.txt | 0000876661-26-000804 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $31.27 | awaiting T+20 | — | $30.76 (+1.63%) |
Oct 16, 2026 10d ago | 8-K | $30.78 | awaiting T+20 | — | $30.76 (+0.06%) |
Oct 14, 2026 12d ago | 424B5 | $31.42 | awaiting T+20 | — | $30.76 (+2.10%) |
Oct 14, 2026 12d ago | 424B5 | $31.42 | awaiting T+20 | — | $30.76 (+2.10%) |
Oct 13, 2026 14d ago | 8-K | $34.73 | awaiting T+20 | — | $30.76 (−11.43%) |
Sep 30, 2026 26d ago | 25-NSE | $43.86 | awaiting T+20 | — | $30.76 (−29.87%) |
Sep 10, 2026 6w ago | 144 | $36.75 $39.89 | ▲ +8.54% | ▲ +6.68% | $30.76 (−16.30%) |
Sep 8, 2026 6w ago | 8-K | $40.47 $43.29 | ▲ +6.97% | ▲ +5.00% | $30.76 (−23.99%) |
Aug 28, 2026 8w ago | 8-K | $39.31 $45.08 | ▲ +14.67% | ▲ +14.61% | $30.76 (−21.75%) |
Aug 26, 2026 8w ago | 3 | $42.46 $44.64 | ▲ +5.13% | ▲ +5.23% | $30.76 (−27.56%) |
US Market Status
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