Rigetti Computing enters $100M at-the-market equity offering with Needham & B. Riley

Rigetti Computing, Inc.

Company may sell up to $100M of common stock from time to time through Needham & Company and B. Riley Securities.
Sales will be made on Nasdaq Capital Market or other trading markets at prevailing market prices.
Agents receive up to 3.0% of gross sales price as compensation; company reimburses certain expenses.
Sales Agreement dated March 15, 2024; registration statement on Form S-3 effective December 19, 2023.
Company not obligated to make any sales; agreement can be terminated by either party on 5 days' notice.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Rigetti Computing, Inc. entered into Sales Agreement with Needham & Company, LLC and B. Riley Securities, Inc. valued at up to $100.0 million (effective 2024-03-15).

Action: entry
Agreement: atm program
Counterparty: Needham & Company, LLC and B. Riley Securities, Inc.
Value: up to $100.0 million
Effective: 2024-03-15

Exact text from the filing

On March 15, 2024, Rigetti Computing, Inc. (the “Company”) entered into a sales agreement (the “Sales Agreement”) with Needham & Company, LLC and B. Riley Securities, Inc. (collectively, the “Agents”), pursuant to which the Company may sell from time to time, at its option, shares of the Company’s common stock through the Agents, as sales agent.

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Rigetti Computing, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-068618

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