other_material
confidence high
sentiment neutral
materiality 0.85
Rigetti Computing completes $350M ATM equity offering; cash balance rises to ~$575M
Rigetti Computing, Inc.
- Completed sales of $350M gross proceeds via ATM program; sold 30,309,780 shares.
- Pro forma cash & investments of ~$575 million with no debt.
- Proceeds to fund working capital, capex, and possible strategic collaborations or acquisitions.
- Offering conducted under previously disclosed at-the-market equity program.
item 7.01item 8.01item 9.01