D-Wave is acquiring Quantum Circuits in an all-stock deal worth about $275 million. This move aims to create a dual-platform company combining annealing and gate-model tech to compete with players like IBM and IonQ. They are also moving their HQ to Boca Raton and secured roughly $30 million in new contracts with Florida Atlantic University and a Fortune 100 client. The stock is up over 200% in the last year but has been down recently. The main concerns here are the share dilution from the purchase and rising costs to get to profitability.