secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001104659-24-126796
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Rigetti Computing pays off $10.5M loan with Trinity Capital, terminates agreement
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- Paid total of ~$10.5M to terminate Loan and Security Agreement with Trinity Capital, including $9.5M principal, $0.9M accrued interest/fees/end-of-term, and ~$75,900 prepayment fee.
- Borrowers included Rigetti Computing, Rigetti & Co., LLC, and Rigetti Intermediate LLC.
- Company used cash on hand to prepay the loan, extinguishing all indebtedness effective December 9, 2024.
- Removal of debt obligations and associated covenants; balance sheet now debt-free from this facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000110465924126796/0001104659-24-126796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000110465924126796/tm2430535d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-126796

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