secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2024-09-17T23:59:59+00:00
Accession:  0001104659-24-100682
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Rigetti receives Nasdaq minimum bid price deficiency notice; 180-day cure period
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- Received Nasdaq letter on Sept 16, 2024 for non-compliance with $1.00 minimum bid price rule.
- Compliance period until March 17, 2025; can cure if bid price >= $1.00 for 10 consecutive days.
- If not cured, may get additional 180 days or face delisting; shareholders approved 1-for-10 reverse split in June 2024.
- Board has discretion to implement reverse stock split to regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000110465924100682/0001104659-24-100682-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000110465924100682/tm2424186d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-100682

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