secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2026-09-08T11:25:18+00:00
Accession:  0001104659-26-105662
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rigetti signs $100M CHIPS Act deal with U.S. Dept of Commerce; issues 7.74M shares
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- Up to $100M from U.S. Dept of Commerce under CHIPS Act; initial $43.9M tranche, then $29.9M and $26.2M upon milestones.
- Three R&D projects: miniaturized readout electronics, new cryostat architecture, high-connectivity chip fabrication.
- Company to issue 7,739,938 shares at $12.92/share to Department; minority non-controlling stake.
- CEO Subodh Kulkarni: funding accelerates roadmap to utility-scale quantum computing.
- Agreement runs to earlier of milestone completion or 5th anniversary; subject to compliance and U.S. government IP rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000110465926105662/0001104659-26-105662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000110465926105662/tm2624940d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-105662

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer