secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001193125-23-031410
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.05, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rigetti cuts 28% workforce (~50 employees), appoints new CFO and CTO, revises tech roadmap
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- Workforce reduction of ~28% affecting ~50 employees; expects ~$1.4M restructuring charges in Q1 2023.
- CEO Brian Sereda terminated as CFO; Jeffrey Bertelsen (ex-CyberOptics CFO/COO) appointed effective Feb 15.
- David Rivas promoted to CTO replacing Mike Harburn; Rivas previously SVP of Systems and Services.
- Revised roadmap targets Ankaa-1 84-qubit system in Q1 2023, then Ankaa-2 with ≥99% 2-qubit gate fidelity, and Lyra 336-qubit system.
- Sereda will remain as non-executive employee through March 31, 2023 to assist transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000119312523031410/0001193125-23-031410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000119312523031410/d406416d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-031410

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