IonQ (IONQ) to acquire enterprise security startup Elisity for up to $1.3B in all-stock transaction

What happened

IonQ said it would acquire enterprise security startup Elisity for as much as $1.3 billion in an all-stock transaction, per Barron's stock-movers coverage on Monday. Shares fell 4.9% on potential investor concerns that the company has scaled too quickly, alongside dilution from the equity consideration.

Who’s affected

• IonQ (IONQ) - down 4.9% on dilution and scale concerns; quantum computing peers - consolidation read-through

Sources

barrons.com