Rigetti Computing Discloses Unregistered Equity Sales
Ticker: RGTIW · Form: 8-K · Filed: Feb 15, 2024 · CIK: 1838359
| Field | Detail |
|---|---|
| Company | Rigetti Computing, Inc. (RGTIW) |
| Form Type | 8-K |
| Filed Date | Feb 15, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50, $12.8 million, $13.2 m, $0.4 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sales, unregistered-securities, 8-K, dilution-risk
TL;DR
**Rigetti Computing just disclosed unregistered equity sales on Feb 14, watch for details on potential dilution.**
AI Summary
Rigetti Computing, Inc. filed an 8-K on February 15, 2024, disclosing unregistered sales of equity securities that occurred on February 14, 2024. The filing, under Item 3.02, indicates that the quantum computing company, based in Berkeley, California, completed these sales without public registration. No specific dollar amounts or number of shares sold were detailed in this particular filing.
Why It Matters
Unregistered sales of equity securities can lead to dilution for existing shareholders if new shares are issued, potentially impacting stock price. While common for certain private placements, the lack of specific details in this filing means investors need to monitor for further disclosures.
Risk Assessment
Risk Level: medium — Unregistered equity sales can dilute existing shareholders, and without specific amounts, the potential impact on the stock is uncertain.
Key Numbers
- N/A — Dollar Amount of Equity Sales (Specific dollar amounts for the unregistered equity sales were not disclosed in this filing.)
- February 14, 2024 — Date of Event (The earliest event reported, the unregistered sales of equity securities, occurred on this date.)
Key Players & Entities
- Rigetti Computing, Inc. (company) — registrant
- Supernova Partners Acquisition Co II, Ltd. (company) — former name of registrant
- February 14, 2024 (date) — date of earliest event reported
- February 15, 2024 (date) — filing date
- 775 Heinz Avenue, Berkeley, California, 94710 (location) — business address
- (510) 210-5550 (phone_number) — registrant's telephone number
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was 'Unregistered Sales of Equity Securities' which occurred on February 14, 2024.
What is the full legal name of the registrant?
The full legal name of the registrant is Rigetti Computing, Inc.
What was the former name of Rigetti Computing, Inc.?
The former name of Rigetti Computing, Inc. was Supernova Partners Acquisition Co II, Ltd., with the name change occurring on December 30, 2020.
Where is Rigetti Computing, Inc.'s principal executive office located?
Rigetti Computing, Inc.'s principal executive office is located at 775 Heinz Avenue, Berkeley, California, 94710.
What is the CIK number for Rigetti Computing, Inc.?
The Central Index Key (CIK) for Rigetti Computing, Inc. is 0001838359.
Filing Stats: 573 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-02-15 16:06:02
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
- $12.8 million — tal II LLC and received net proceeds of $12.8 million. Gross proceeds from the issuance and s
- $13.2 m — he issuance and sale of the shares were $13.2 million, and aggregate underwriting disco
- $0.4 million — erwriting discounts or commissions were $0.4 million. The shares of common stock were issued
- $75.0 million — up to an aggregate of the lesser of (i) $75.0 million of shares of Company common stock and (
Filing Documents
- d793844d8k.htm (8-K) — 25KB
- 0001193125-24-037531.txt ( ) — 178KB
- rgti-20240214.xsd (EX-101.SCH) — 3KB
- rgti-20240214_def.xml (EX-101.DEF) — 13KB
- rgti-20240214_lab.xml (EX-101.LAB) — 22KB
- rgti-20240214_pre.xml (EX-101.PRE) — 14KB
- d793844d8k_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 15, 2024 RIGETTI COMPUTING, INC. By: /s/ Jeffrey Bertelsen Jeffrey Bertelsen Chief Financial Officer