Bessemer Venture Partners Amends Rigetti Computing Stake

TL;DR

Bessemer Venture Partners filed an amendment to their Rigetti Computing stake. Ownership details updated.

AI Summary

Bessemer Venture Partners X L.P. and its affiliates, including Deer X & Co. Ltd., have filed an amendment (No. 1) to their Schedule 13D concerning Rigetti Computing, Inc. The filing, dated November 19, 2024, indicates a change in beneficial ownership. The group previously operated under the name Supernova Partners Acquisition Co II, Ltd. before changing its name on December 30, 2020.

Why It Matters

This filing signals a potential shift in the ownership structure or strategy of Rigetti Computing, Inc., which could impact its stock price and future business decisions.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic shifts or potential activist involvement, which may introduce uncertainty for investors.

Key Numbers

• 20241119 — Filing Date (Indicates the date of the amendment filing.)
• 20201230 — Name Change Date (Date when the filing entity changed its name from Supernova Partners Acquisition Co II, Ltd.)

Key Players & Entities

• Bessemer Venture Partners X L.P. (company) — Filing entity
• Deer X & Co. Ltd. (company) — Affiliated entity
• Rigetti Computing, Inc. (company) — Subject company
• Supernova Partners Acquisition Co II, Ltd. (company) — Former name of filing entity

FAQ

Key Financial Figures

• $0.0001 — 5,809 shares of common stock, par value $0.0001 per share (Common Stock) issued and out

Filing Documents

• d844070dsc13da.htm (SC 13D/A) — 84KB
• 0001193125-24-261868.txt ( ) — 85KB

From the Filing

SC 13D/A 1 d844070dsc13da.htm SC 13D/A SC 13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1)* RIGETTI COMPUTING, INC. (Name of Issuer) Common Stock (Class of Securities) 76655K 103 (CUSIP Number) Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont, NY 10528 (914) 833-5300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 15, 2024 (Date of Event Which Requires Filing of Statement on Schedule 13D) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), checking the following box. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP: 76655K 103 (1) Name of Reporting Persons: Bessemer Venture Partners X Institutional L.P. (2) Check the Appropriate Box if a Member of a Group (See Instructions): (a)(b) (3) SEC Use Only: (4) Source of Funds (See Instructions): WC (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): (6) Citizenship or Place of Organization: Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: (7) Sole Voting Power 9,158,754 (1) (8) Shared Voting Power 0 (9) Sole Dispositive Power 9,158,754 (1) (10) Shared Dispositive Power 0 (11) Aggregate Amount Beneficially Owned by Each Reporting Person: 9,158,754 (1) (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): (13) Percent of Class Represented by Amount in Row (11): 4.8% (1) (14) Type of Reporting Person (See Instructions): PN (1) The percent of class was calculated based on 192,295,809 shares of common stock, par value $0.0001 per share (Common Stock) issued and outstanding as of November 7, 2024, as disclosed in the Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission by Rigetti Computing, Inc. on November 12, 2024. CUSIP: 76655K 103 (1) Name of Reporting Persons: Bessemer Venture Partners X L.P. (2) Check the Appropriate Box if a Member of a Group (See Instructions): (a)(b) (3) SEC Use Only: (4) Source of Funds (See Instructions): WC (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): (6) Citizenship or Place of Organization: Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: (7) Sole Voting Power 9,756,471 (1) (8) Shared Voting Power 0 (9) Sole Dispositive Power 9,756,471 (1) (10) Shared Dispositive Power 0 (11) Aggregate Amount Beneficially Owned by Each Reporting Person: 9,756,471 (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): (13) Percent of Class Represented by Amount in Row (11): 5.1% (1) (14) Type of Reporting Person (See Instructions): PN (1) The percent of class was calculated based on 192,295,809 shares of Common Stock issued and outstanding as of November 7, 2024, as disclosed in the Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission by Rigetti Computing, Inc. on November 12, 2024. CUSIP: 76655K 103 (1) Name of Reporting Persons: Deer X & Co. L.P. (2) Check the Appropriate Box if a Member of a Group (See Instructions): (a)(b) (3) SEC Use Only: (4) Source of Funds (See Instructions): AF (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): (6) Citizenship or Place of Organization: Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: (7) Sole Voting Power 18,915,225 (1) (8) Shared Voting Power 0 (9) Sole Dispositive Power 18,915,225 (1) (10) Shared Dispositive Power 0 (11) Aggregate Amount Beneficially Owned by Each Reporting Person: 18,915,225 (1) (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): (13) Percent of Class Represented by Amount in Row (11): 9.8% (1) (14) Type of Reporting Person (See Instructions): PN (1) The percent of class was calculated based on 192,295,809 shares of Common Stock issued and outstanding as of November 7, 2024, as disclosed in the Quarte

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