🇺🇸Quantum-computing developer PsiQuantum received a conditional loan commitment of up to $150 million for U.S. manufacturing and prototyping expansion.

PsiQuantum announced a conditional loan commitment from the U.S. Department of Defense’s Office of Strategic Capital (OSC). The commitment is for up to $150 million, preserving both the conditional status and the maximum amount.

The stated purpose is expansion of PsiQuantum’s advanced manufacturing and prototyping capabilities in the United States. The excerpt describes what the financing would support, rather than reporting that the expansion has already been completed.

The supplied material does not establish that the loan has closed or that funds have been disbursed. It also does not specify the conditions to funding, interest rate, maturity, collateral, covenants, or allocation among manufacturing and prototyping facilities.