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  "documentTitle": "IonQ Inc. (IONQ)",
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  "authorName": "Scorpion Capital",
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  "presentationDate": "2022-05-03 00:00:00",
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  "notes": "The slide uses a narrative structure to cast doubt on the legitimacy of the company's announcements.",
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      "text": "We note the fortuitous timing of the 300% increase – a mere 3 weeks before the SPAC transaction closed and IonQ began trading.",
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      "text": "IonQ press release Sep 9, 2021: IonQ Triples Expectation for 2021 Contract Bookings",
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      "text": "IonQ press release Sep 9, 2021: IonQ and University of Maryland Establish First-of-Its-Kind National Quantum Lab",
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      "text": "contract bookings: $15MM",
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      "text": "The bookings were $5MM until Sep 9, 2021, when IonQ issued a press release announcing that they had tripled to $15MM. We note the fortuitous timing of the 300% increase – a mere 3 weeks before the SPAC transaction closed and IonQ began trading.",
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      "text": "We further note the curious timing of another press release the day before this one, where IonQ announced that the University of Maryland and IonQ agreed to jointly establish the “First-of-its-Kind National Quantum Lab,” with a “new $20MM investment from UMD” to provide the “university and its partners with unprecedented access to quantum computing.” The purported “Q-Lab,” per the release, “will be located...next to IonQ’s headquarters....”",
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      "text": "IonQ Triples Expectation for 2021 Contract Bookings — IonQ Press Release, Sep 9, 2021",
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      "text": "Source: https://investors.ionq.com/news/news-details/2021/IonQ-Triples-Expectation-for-2021-Contract-Bookings/default.aspx; https://investors.ionq.com/news/news-details/2021/IonQ-and-University-of-Maryland-Establish-First-of-Its-Kind-National-Quantum-Lab/default.aspx",
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