Quantum computing company Rigetti filed a supplemental prospectus foir the issuance of up to $100 million in stock, two years after going public via a merger with Supernova Partners Acquisition II.
Rigetti entered a sales agreement with Needham & Company and B. Riley Securities for the new shares.
The stock trades on the Nasdaq under RGTI and closed March 14 at $1.98 per share — about a 74% decrease from its March 2022 debut on the exchange following its deSPAC.
Rigetti was expected to receive gross proceeds of $261.75 million from the SPAC transaction, which included a $147.51 million PIPE. Read more.
