secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001193125-23-017601
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Rigetti Computing receives Nasdaq bid price deficiency notice; 180 days to cure
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- On Jan 25, 2023, Nasdaq notified Rigetti its common stock closing bid price was below $1.00 for 30 consecutive business days.
- Company has until July 24, 2023 to regain compliance by closing at $1.00 for at least ten consecutive business days.
- If not cured by Compliance Date, may seek additional 180-day period if it meets other listing standards; considering reverse stock split.
- Failure to cure could lead to delisting; company may appeal Nasdaq's determination to a hearings panel.
- No assurance of regaining compliance with Bid Price Rule or maintaining Nasdaq listing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000119312523017601/0001193125-23-017601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000119312523017601/d322620d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-017601

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