India, May 21 -- Infleqtion, Inc. (INFQ) shares jumped 30.10 percent to $14.55, up $3.36 on Thursday, after the quantum computing company announced a Letter of Intent with the U.S. Department of Commerce for proposed funding of up to $100 million.
The stock is currently trading at $14.55, compared with a previous close of $11.18 on the New York Stock Exchange. It opened at $13.50 and traded between $13.40 and $16.09 during the session, with volume reaching 39.53 million shares, well above the average daily volume of 6.63 million shares.
Infleqtion develops neutral-atom quantum systems that operate at room temperature and are designed for applications in national security, energy infrastructure, chemistry, and advanced computing.
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