Rigetti completes $100M ATM equity offering; cash runway extended through 2026

Rigetti Computing, Inc.

Raised $100M gross proceeds from ATM program since March 2024.
Since Sept 30, 2024, net proceeds of $58.4M from sale of 38,091,364 shares.
Intends to use funds for working capital, capex, and superconducting quantum computing R&D.
Believes existing cash sufficient to fund operations as planned through end of 2026.
CEO cites strong interest from national labs and academic institutions for on-premises quantum systems.

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