Filing Details

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13D/A

 

(Amendment No. 1)

 

Under the Securities Exchange Act of 1934

 

QUANTUM COMPUTING INC.

(Name of Issuer)

 

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 

74766W-108

(CUSIP Number)

 

215 Depot Court SE, Suite 215

Leesburg, VA 20175

(703) 436-2121

(Name, Address and Telephone Number of Person Authorized to

Receive Notices and Communications)

 

December 31, 2020

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,  see  the Notes).

 

 

 

1	NAME OF REPORTING PERSON
	Schreiber Justin
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
	(a) ☐
	(b) ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS*
	PF
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
	☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States

	7	SOLE VOTING POWER
NUMBER OF		1,250,000(1)
SHARES	8	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		0
EACH	9	SOLE DISPOSITIVE POWER
REPORTING
PERSON		1,250,000(1)
WITH	10	SHARED DISPOSITIVE POWER
		0

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
	1,250,000(1)
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
	☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	4.35(2)
14	TYPE OF REPORTING PERSON (See Instructions)
	IN

 

1.

Mr. Schreiber has voting and investment control of 1,000,000 shares of the Company’s common stock owned by Mr. Schreiber via JOJ Holdings, LLC (“JOJ”). Mr. Schreiber is the President of JOJ and has voting and investment control over the common stock.

 

2.

Based upon 28,730,702 shares of the Company’s common stock issued and outstanding as of April 1, 2021.

 

   

Item 1 Security and Issuer.

 

The statement (“Statement”) relates to shares of common stock, par value $0.0001 per share (the “Common Stock”), of Quantum Computing Inc., a Delaware corporation (the “Issuer” or the “Company”). The principal executive office of the Issuer is located at 215 Depot Court SE, Suite 215, Leesburg, VA 20175.

 

Item 2 Identity and Background.

 

The Statement is being filed by Mr. Justin Schreiber (“Mr. Schreiber”). Mr. Schreiber’s present principal occupation or employment is serving as Chief Executive Officer and Chairman of the Board of Directors of LifeMD, Inc., a Delaware corporation.  Mr. Schreiber is a United States citizen. The business address of Mr. Schreiber is 800 Third Avenue, Suite 2800, New York, NY 10022.

 

During the last five years Mr. Schreiber has not (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which proceeding he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3 Source and Amount of Funds or Other Consideration.

 

Mr. Schreiber acquired the reported 1,000,000 shares of Common Stock as follows:

 

On August 10, 2018, the Company issued to Mr. Schreiber two convertible promissory notes (the “Notes”), each in the principal amount of $50,000.00. Upon the issuance of the Notes, Mr. Schreiber had the option to convert each Note into that number of shares of Common Stock derived by dividing the principal amount of the Note by $0.10 (ten cents US).

 

On July 17, 2020, each Note was converted into 500,000 shares of Common Stock.

 

On January 21, 2021, Mr. Schreiber received 250,000 shares of Common Stock as compensation for his services as a member of the board of directors of the Issuer.

 

Item 4 Purpose of Transaction.

 

Mr. Schreiber does not have any current plans or proposals which relate to or would result in: (a) the acquisition of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer’s business or corporate structure; (g) any change in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to section 12(g)(4) of the Exchange Act; or (j) any action similar to any of those enumerated above.

 

  

Item 5 Interest in Securities of the Issuer.

 

(a) As of the date hereof, Mr. Schreiber beneficially owns 1,000,000 shares (the “Shares”) of the issued and outstanding Common Stock of the Company. Such amount represents 4.35% of the total of the issued and outstanding shares of the Company’s Common Stock as of the date hereof.

 

(b) Mr. Schreiber holds sole voting and dispositive power over the Shares.

 

(c) Other than disclosed above, there were no transactions by Mr. Schreiber in the Issuer’s Common Stock during the last 60 days.

 

(d) No other person is known to have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, the securities of the Issuer owned by Mr. Schreiber.

 

(e) Mr. Schreiber ceased to be the beneficial owner of more than five percent of the Issuer’s Common Stock on December 31, 2020.

 

Item 6 Contracts, Agreements, Understandings or Relationships With Respect to Securities of the Issuer.

 

To the knowledge of Mr. Schreiber, there are no contracts, arrangements, understandings or relationships (legal or otherwise), including but not limited to transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies between Mr. Schreiber and/or any other person, with respect to any securities of the Company.

 

Item 7 Material to be Filed as Exhibits.

 

None.

 

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: April 16, 2021
/s/ Justin Schreiber
Justin Schreiber

 

 

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