Rigetti Computing Enters Material Definitive Agreement
Ticker: RGTIW · Form: 8-K · Filed: Jun 24, 2024 · CIK: 1838359
| Field | Detail |
|---|---|
| Company | Rigetti Computing, Inc. (RGTIW) |
| Form Type | 8-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $11.50, $12.0 million, $8.0 million, $7.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Rigetti Computing just signed a big deal, expect financial moves.
AI Summary
On June 21, 2024, Rigetti Computing, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, formerly known as Supernova Partners Acquisition Co II, Ltd. until December 30, 2020, is incorporated in Delaware and headquartered at 775 Heinz Avenue, Berkeley, CA.
Why It Matters
This filing indicates a significant financial commitment or obligation for Rigetti Computing, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that may not be immediately apparent.
Key Players & Entities
- Rigetti Computing, Inc. (company) — Registrant
- Supernova Partners Acquisition Co II, Ltd. (company) — Former company name
- June 21, 2024 (date) — Date of earliest event reported
- 775 Heinz Avenue, Berkeley, CA (location) — Business and mail address
- Delaware (location) — State of incorporation
FAQ
What type of material definitive agreement did Rigetti Computing enter into?
The filing indicates the entry into a material definitive agreement that creates a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated June 21, 2024.
What was Rigetti Computing's former company name?
Rigetti Computing, Inc. was formerly known as Supernova Partners Acquisition Co II, Ltd.
On what date did the company change its name from Supernova Partners Acquisition Co II, Ltd.?
The date of the name change was December 30, 2020.
Where is Rigetti Computing, Inc. headquartered?
Rigetti Computing, Inc. is headquartered at 775 Heinz Avenue, Berkeley, CA.
Filing Stats: 1,126 words · 5 min read · ~4 pages · Grade level 12.1 · Accepted 2024-06-24 08:01:34
Key Financial Figures
- $0.0001 — nge 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
- $12.0 million — isting Loan Agreement, the Company drew $12.0 million in March 2021, $8.0 million in May 2021
- $8.0 million — mpany drew $12.0 million in March 2021, $8.0 million in May 2021, $7.0 million in November 2
- $7.0 million — n March 2021, $8.0 million in May 2021, $7.0 million in November 2021 and $5.0 million in Ja
- $5.0 million — 2021, $7.0 million in November 2021 and $5.0 million in January 2022 (collectively, the "Ter
- $16,177,207.84 — Term Loans as of the Amendment Date was $16,177,207.84.. There are currently no additional amo
Filing Documents
- d700420d8k.htm (8-K) — 33KB
- d700420dex101.htm (EX-10.1) — 447KB
- 0001193125-24-166321.txt ( ) — 720KB
- rgti-20240621.xsd (EX-101.SCH) — 3KB
- rgti-20240621_def.xml (EX-101.DEF) — 13KB
- rgti-20240621_lab.xml (EX-101.LAB) — 22KB
- rgti-20240621_pre.xml (EX-101.PRE) — 14KB
- d700420d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits. Exhibit No. Description 10.1 Amended and Restated Loan and Security Agreement by and between Trinity Capital Inc., as lender, and Rigetti & Co, LLC, Rigetti Intermediate LLC and Rigetti Computing Inc., as borrowers. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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: June 24, 2024 RIGETTI COMPUTING, INC. By: /s/ Jeffrey Bertelsen Jeffrey Bertelsen Chief Financial Officer