Quantum Computing stock drops on $200 mln equity raise

** Quantum Computing Inc's QUBT shares down 10% to $16.98 early Mon after co raises equity

** Hoboken, New Jersey-based photonics and quantum optics tech provider says sold ~14 mln shares in private placement with institutional investors for $200 mln gross proceeds

** Purchase price of $14.25 represents 24.5% discount to stock's last close on Fri

** Co intends to use net proceeds to accelerate commercialization efforts, and for strategic acquisitions, working capital and other purposes

** QUBT, which has a chip foundry in Tempe, Arizona, has ~140.9 mln shares outstanding for $2.3 bln current market cap, per latest 10-Q filing

** With move on the session, stock up 2.5% YTD. Stock's 52-week intraday high is $27.15 (Dec 18) and 52-week low is 35 cents (Jul 2)