Rigetti Files 8-K on Operations, Unregistered Equity Sales
Ticker: RGTIW · Form: 8-K · Filed: Feb 5, 2024 · CIK: 1838359
| Field | Detail |
|---|---|
| Company | Rigetti Computing, Inc. (RGTIW) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.0001, $11.50, $2.9 million, $3.4 million, $11.5 million |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: equity-sales, financial-condition, 8-K
TL;DR
**Rigetti filed an 8-K on Feb 5, updating on operations and unregistered equity sales.**
AI Summary
Rigetti Computing, Inc. filed an 8-K on February 5, 2024, to report on its results of operations and financial condition, as well as unregistered sales of equity securities. The filing indicates that the company's common stock, with a par value of $0.0001 per share, is registered on NASDAQ under the trading symbol RGTI. This matters to investors because it provides an update on the company's financial health and any recent changes in its equity structure, which can influence stock valuation and future performance.
Why It Matters
This filing provides a snapshot of Rigetti's recent financial activities and equity changes, which are crucial for investors to assess the company's stability and potential for growth.
Risk Assessment
Risk Level: medium — The filing mentions 'unregistered sales of equity securities' which can sometimes dilute existing shareholder value if not managed transparently, posing a moderate risk.
Analyst Insight
A smart investor would monitor subsequent filings for detailed financial results and specifics on the unregistered equity sales to understand their impact on dilution and future growth prospects.
Key Numbers
- $0.0001 — par value per share (the stated par value of Rigetti's common stock)
Key Players & Entities
- Rigetti Computing, Inc. (company) — the registrant filing the 8-K
- NASDAQ (company) — the exchange where Rigetti's common stock is registered
- $0.0001 (dollar_amount) — par value per share of common stock
Forward-Looking Statements
- Rigetti Computing, Inc. will provide more details on the unregistered sales of equity securities in future filings. (Rigetti Computing, Inc.) — medium confidence, target: 2024-05-05
FAQ
What is the purpose of Rigetti Computing, Inc.'s 8-K filing dated February 5, 2024?
The 8-K filing by Rigetti Computing, Inc. on February 5, 2024, reports on 'Results of Operations and Financial Condition' and 'Unregistered Sales of Equity Securities,' as well as 'Other Events'.
What is the trading symbol and exchange for Rigetti Computing, Inc.'s common stock?
Rigetti Computing, Inc.'s common stock, with a $0.0001 par value per share, trades under the symbol RGTI on NASDAQ.
What is the address of Rigetti Computing, Inc.'s principal executive offices?
The principal executive offices of Rigetti Computing, Inc. are located at 775 Heinz Avenue, Berkeley, California, 94710.
What was Rigetti Computing, Inc.'s former company name and when did the name change occur?
Rigetti Computing, Inc. was formerly known as Supernova Partners Acquisition Co II, Ltd., and the name change occurred on December 30, 2020.
What is the significance of 'Unregistered Sales of Equity Securities' mentioned in the filing?
The mention of 'Unregistered Sales of Equity Securities' indicates that Rigetti Computing, Inc. has issued new shares or other equity instruments without a full SEC registration statement, which can impact the company's capital structure and potentially dilute existing shareholders.
Filing Stats: 1,843 words · 7 min read · ~6 pages · Grade level 14.9 · Accepted 2024-02-05 16:17:02
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value per share RGTI The Nasdaq
- $11.50 — of Common Stock at an exercise price of $11.50 per share RGTIW The Nasdaq Capital
- $2.9 million — 31, 2023 is estimated to range between $2.9 million and $3.4 million and for the year ended
- $3.4 million — mated to range between $2.9 million and $3.4 million and for the year ended December 31, 202
- $11.5 million — 31, 2023 is estimated to range between $11.5 million and $12.1 million. Operating loss for
- $12.1 million — ated to range between $11.5 million and $12.1 million. Operating loss for the quarter ended
- $19.2 million — 31, 2023 is estimated to range between $19.2 million and $17.7 million and for the year ende
- $17.7 million — ated to range between $19.2 million and $17.7 million and for the year ended December 31, 202
- $74.3 million — 31, 2023 is estimated to range between $74.3 million and $72.8 million. Cash, cash equivale
- $72.8 million — ated to range between $74.3 million and $72.8 million. Cash, cash equivalents and available-
- $99.9 million — , 2023 is estimated to be approximately $99.9 million. The Company anticipates announcing fi
- $5.5 million — tal II LLC and received net proceeds of $5.5 million. Gross proceeds from the issuance and s
- $5.7 m — he issuance and sale of the shares were $5.7 million, and aggregate underwriting disco
- $0.2 million — erwriting discounts or commissions were $0.2 million. The shares of common stock were issued
Filing Documents
- d766575d8k.htm (8-K) — 38KB
- 0001193125-24-024075.txt ( ) — 195KB
- rgti-20240205.xsd (EX-101.SCH) — 3KB
- rgti-20240205_def.xml (EX-101.DEF) — 13KB
- rgti-20240205_lab.xml (EX-101.LAB) — 22KB
- rgti-20240205_pre.xml (EX-101.PRE) — 14KB
- d766575d8k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 5, 2024 RIGETTI COMPUTING, INC. By: /s/ Jeffrey Bertelsen Jeffrey Bertelsen Chief Financial Officer