IonQ has entered into a definitive agreement to acquire Elisity, a Zero Trust security company, in an all-stock transaction valued at up to $1.3 billion. The base consideration consists of IonQ common stock valued at $1.15 billion, with an additional earnout opportunity of up to $150 million based on revenue milestones achieved by Elisity through January 2028. A separate retention pool of restricted stock units worth $100 million is also established for continuing employees. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions and regulatory approvals. IonQ operates as a full-stack quantum computing platform provider offering solutions across computing, networking, sensing, and security.
