Rigetti signs LOI for up to $100M CHIPS Act award for quantum R&D; government to receive equity

Rigetti Computing, Inc.

Signed LOI with U.S. Department of Commerce for up to $100M over three years under CHIPS Act to accelerate superconducting quantum computing R&D.
Government will receive equity stake in Rigetti; shares issued at lowest closing price on certain dates discounted by 15%.
Parties to negotiate definitive agreements; funding is not guaranteed until definitive agreements are executed.
Rigetti CEO says partnership will accelerate commercialization and tackle scaling bottlenecks.

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