QBTS Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in D-Wave Quantum Inc. Securities Lawsuit - Contact SueWallSt

D-Wave CEO Alan Baratz and former CFO John M. Markovich face Section 20(a) control person claims in a securities lawsuit alleging the Company overstated its business and financial prospects.

NEW YORK, Oct. 22, 2026 /PRNewswire/ -- SueWallSt alerts investors in D-Wave Quantum Inc. (NYSE: QBTS) that Chief Executive Officer Alan Baratz and former Chief Financial Officer John M. Markovich are named as individual defendants, facing Section 20(a) control person claims, in a pending securities class action on behalf of purchasers between February 26, 2026 and August 25, 2026. Find out if you may be eligible to recover losses or contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.

QBTS fell $1.84 per share, or 9.51%, to close at $17.51 on August 26, 2026, after D-Wave announced that Markovich was retiring and resigning as CFO effective September 2, 2026. That decline came on top of a $1.99 per-share drop, or 9.28%, to $19.41 on August 6, 2026, when the Company reported second quarter 2026 results. The window to apply for lead plaintiff closes on December 15, 2026.

CEO and CFO Securities Liability Under Section 20(a)

Baratz, D-Wave's CEO and President, and Markovich are sued alongside the Company under Section 10(b) and Rule 10b-5. A separate Section 20(a) count is aimed at the two executives alone. In practical terms, that count seeks to hold senior officers responsible for a company's alleged violations when they controlled the statements at issue, and the pleading asserts that both men held that control at all relevant times.

What Baratz and Markovich Allegedly Controlled

As averred in the complaint, the two executives:

• Held power and authority over the contents of D-Wave's SEC filings, press releases, and other market communications
• Received the challenged filings and releases before or shortly after issuance, with the ability to block or correct them
• Had access to material information unavailable to the public
• Owed a duty to promptly correct any public statement that had become materially false or misleading
• Directed D-Wave's general operations and the specific activities underlying the alleged violations

The challenged statements include CEO-attributed remarks in D-Wave's February 26, 2026 and May 12, 2026 results announcements. The complaint charges that both executives knew adverse facts had not been disclosed while those positive representations reached the market.

An Executive Exit Inside the Alleged Timeline

As claimed in the lawsuit, the August 25, 2026 announcement of Markovich's retirement, made less than three weeks after the second quarter report, was the second of two events that sent QBTS lower.

"Corporate officers have a duty to ensure their companies' public statements are accurate and complete. This complaint alleges that D-Wave's CEO and CFO controlled the very press releases and filings now under challenge, and that QBTS shareholders absorbed losses in August 2026 as a result." -- Joseph E. Levi, Esq.

Submit your information to learn more or call (888) SueWallSt.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the QBTS Lawsuit

Q: What court was the QBTS class action filed in? A: The case was filed in the United States District Court for the Northern District of California, governed by the Private Securities Litigation Reform Act of 1995.

Q: Who are the defendants named in the QBTS lawsuit? A: The complaint names D-Wave Quantum Inc. and individual defendants including CEO Alan Baratz and CFO John M. Markovich.

Q: What is the QBTS class action lawsuit about? A: A securities class action has been filed against D-Wave Quantum Inc. (NYSE: QBTS) alleging materially false and misleading statements between February 26, 2026 and August 25, 2026. Shares allegedly faltered first when revenue fell shy of investor expectations and again less than a month later when the Company announced its Chief Financial Officer was resigning. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.

Q: What do QBTS investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What happens after I submit my information? A: Your trading history will be reviewed at no cost for an initial assessment of your potential eligibility.

Q: What if I already sold my QBTS shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (888) SueWallSt

Fax: (212) 363-7171

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SOURCE SueWallSt.com