secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001193125-22-284708
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rigetti delays Q3 2022 results, restates Q1/Q2 financials, CEO resigns
----------------------------------------------------------------------

- Files Form 12b-25 to delay Q3 2022 10-Q; restates Q1 and Q2 2022 financials due to earn-out liability valuation error.
- Estimates ~$1.6M in additional operating expenses for unpaid electric utility fees at Berkeley location since 2019.
- Founder and CEO Chad Rigetti resigns effective Dec. 15, 2022; Rick Danis (General Counsel) appointed Interim CEO.
- Partnerships with Bluefors, Nvidia, and Keysight; 84-qubit Ankaa system planned for early 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000119312522284708/0001193125-22-284708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000119312522284708/d418381d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-284708

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