IonQ is trading 4.01% down at $34.81, with dilution concerns from its announced all-stock acquisition of cybersecurity firm Elisity remaining the clearest company-specific explanation for continued weakness. - The transaction is valued at up to $1.3 billion: $1.15 billion in stock at closing, plus up to $150 million tied to performance. - Coverage linked the prior-session selloff to dilution concerns. - The broader market is only slightly lower, so it does not appear to explain IonQ’s larger move.