Rigetti Computing, Inc. — fact timeline

Rigetti Computing, Inc. shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm at the 2026-06-09 meeting.

“The Company’s stockholders ratified the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The final voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 185,103,270 1,473,228 1,452,171 —”

Rigetti Computing, Inc. shareholders approved Election of a Class I Director at the 2026-06-09 meeting.

“The Company’s stockholders elected the person listed below as a Class I Director to serve until the Company’s 2029 Annual Meeting of Stockholders and until their successor is duly elected and qualified or until their earlier death, resignation or removal. The final voting results are as follows: Name Votes For Votes Withheld Broker Non-Votes Subodh Kulkarni 84,378,493 9,946,548 93,703,628”

Rigetti Computing, Inc. reported first quarter ended March 31, 2026 results: revenue $4.4 million, net income GAAP net income $33.1 million; non-GAAP net loss $14.7 million, EPS GAAP diluted net loss per share $(0.06); non-GAAP diluted net loss per share $(0.04).

“2026 and provided an update on recent business and technology milestones. First Quarter 2026 Financial Highlights ● Total revenues for the three months ended March 31, 2026 were $4.4 million ● Operating loss for the three months ended March 31, 2026 was $26.0 million ● For the three months ended March 31, 2026: GAAP net income $33.1 million; non-GAAP net loss $14.7”

Rigetti Computing, Inc. entered into Sublease Agreement with Chinook Therapeutics, Inc. valued at Monthly Base Sublease Rent initially $38,111.91, increasing annually; security deposit $50,000; term (effective 2026-04-17).

“On April 17, 2026 (“Effective Date”), Rigetti & Co, LLC. (“Subtenant”), a wholly-owned subsidiary of Rigetti Computing, Inc., entered into a Sublease Agreement (the “Sublease”) with Chinook Therapeutics, Inc. (the “Sublandlord”), pursuant to which Subtenant will lease approximately 12,543 rentable square feet of office and laboratory space located at 740 Heinz Avenue, Berkeley, California, 94710 (the “Premises”) from the Sublandlord.”

Rigetti Computing, Inc. reported the year ended December 31, 2025 results: revenue $7.1 million, net income $216.2 million, EPS $(0.70).

“For the year ended December 31, 2025: Total revenues $7.1 million; GAAP net loss $216.2 million; non-GAAP net loss $50.5 million; GAAP net loss per share $(0.70); non-GAAP net loss per share $(0.16)”

Rigetti Computing, Inc. reported the three months ended December 31, 2025 results: revenue $1.9 million, net income $18.2 million, EPS $(0.06).

“Total revenues for the three months ended December 31, 2025 were $1.9 million ● Operating loss for the three months ended December 31, 2025 was $22.6 million ● For the three months ended December 31, 2025: GAAP net loss $18.2 million; non-GAAP net loss $11.3 million ● For the three months ended December 31, 2025: GAAP net loss per share $(0.06); non-GAAP net loss per share $(0.03)”

Cathy McCarthy departed as Class III director at Rigetti Computing, Inc..

“Cathy McCarthy would not stand for re-election as a Class III director on the Board of Directors of the Company (the “Board”) upon the completion of her current term, which expires at the Company’s 2025 Annual Meeting of Stockholders”

Cathy McCarthy departed as Director at Rigetti Computing, Inc..

“Cathy McCarthy notified Rigetti Computing, Inc. (the “Company”) that she would not stand for re-election to the Board of Directors of the Company”

Rick Danis resigned as General Counsel and Corporate Secretary at Rigetti Computing, Inc..

“On November 6, 2024, Rick Danis, General Counsel and Corporate Secretary of Rigetti Computing, Inc. (the “Company”), informed the Company of his intention to resign from such offices effective as of November 30, 2024”

Rigetti Computing, Inc. reported the three months ended March 31, 2024 results: revenue $3.1 million, net income $20.8 million.

“its financial results for the first quarter ended March 31, 2024. ​ First Quarter 2024 Financial Highlights ● Total revenues for the three months ended March 31, 2024 were $3.1 million ● Total operating expenses for the three months ended March 31, 2024 were $18.1 million ● Operating loss for the three months ended March 31, 2024 was $16.6 million ● Net loss”

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).

“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.”

Rigetti Computing, Inc. reported financial results for the three months and full year ended December 31, 2023.

“On March 14, 2024, Rigetti Computing, Inc. (the “Company”) issued a press release announcing its financial results for the three months and full year ended December 31, 2023. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (“Current Report”) and is hereby incorporated by reference.”

David Cowan departed as Director at Rigetti Computing, Inc..

“On February 22, 2024, David Cowan notified Rigetti Computing, Inc. (the “Company”) that he would not stand for re-election to the Board of Directors of the Company upon the completion of his current term, which expires at the Company’s 2024 Annual Meeting of Stockholders.”

Rigetti Computing, Inc. reported fourth fiscal quarter and year ended December 31, 2023 results: revenue Revenue for the quarter ended December 31, 2023 is estimated to range between $2.9 million and $3.4 million and for the.

“On February 5, 2024, Rigetti Computing, Inc. (the “Company”) announced certain preliminary unaudited financial results for its fourth fiscal quarter and year ended December 31, 2023, as set forth below. Preliminary unaudited results for the fourth quarter and year ended December 31, 2023: • Revenue for the quarter ended December 31, 2023 is estimated to range between $2.9 million and $3.4 million and for the year ended December 31, 2023 is estimated to range between $11.5 million and $12.1 million.”

Rigetti Computing, Inc. reported the third quarter ended September 30, 2023 results: revenue $3.1 million, net income $22.2 million.

“results for the third quarter ended September 30, 2023. ​ Third Quarter 2023 Financial Highlights ​ ● Total revenues for the three months ended September 30, 2023 were $3.1 million ● Total operating expenses for the three months ended September 30, 2023 were $19.1 million ● Operating loss for the three months ended September 30, 2023 was $16.8 million ● Net”

Thomas J. Iannotti was appointed as Chairman of the Board at Rigetti Computing, Inc..

“elected Thomas J. Iannotti as a Class II director and appointed Mr. Iannotti Chairman of the Board”

Rigetti Computing, Inc. reported the second quarter ended June 30, 2023 results: revenue $3.3 million, net income $17.0 million.

“its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights ● Total revenues for the three months ended June 30, 2023 were $3.3 million ● Total operating expenses for the three months ended June 30, 2023 were $19.0 million ● Operating loss for the three months ended June 30, 2023 was $16.2 million ● Net loss”

Rigetti Computing, Inc. shareholders approved Approval of the Authorization to Adjourn the Annual Meeting at the 2023-06-15 meeting.

“Proposal 4. Approval of the Authorization to Adjourn the Annual Meeting. The Company’s stockholders approved the authorization to adjourn the Annual Meeting, if necessary, to solicit additional proxies if there were not sufficient votes in favor of Proposal 2. The final voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 78,789,627 3,245,248 364,181 —”

Rigetti Computing, Inc. shareholders approved Ratification of the Selection of Independent Registered Public Accounting Firm (BDO USA, LLP) at the 2023-06-15 meeting.

“Proposal 3. Ratification of the Selection of Independent Registered Public Accounting Firm. The Company’s stockholders ratified the selection of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The final voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 81,471,283 767,509 160,264 —”

Rigetti Computing, Inc. shareholders approved Approval of an amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of shares of the Company’s common stock at a ratio of 1-for-10 at the 2023-06-15 meeting.

“Proposal 2. Approval of an amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of shares of the Company’s common stock at a ratio of 1-for-10. The Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of the Company’s common stock at a ratio of 1-for-10. The Company’s Board of Directors may, in its discretion, effect and implement the reverse stock split at any time prior to the Company’s 2024 annual meeting of stockholders or may, in its discretion, determine not to effect the reverse stock split. The voting results are as follows: Votes For Votes Against Abstentions Broker Non-Votes 77,340,206 4,910,206 148,644 —”

Rigetti Computing, Inc. shareholders approved Election of Class I Directors at the 2023-06-15 meeting.

“Proposal 1. Election of Directors. The Company’s stockholders elected the three persons listed below as Class I Directors, each to serve until the Company’s 2026 Annual Meeting of Stockholders and until their successors are duly elected and qualified or until their earlier death, resignation or removal. The final voting results are as follows: Name Votes For Votes Withheld Broker Non-Votes Subodh Kulkarni 64,078,482 424,281 17,896,293 Ray Johnson 62,854,188 1,648,575 17,896,293 H. Gail Sandford 56,012,993 8,489,770 17,896,293”

Rigetti Computing, Inc. reported the first quarter ended March 31, 2023 results: revenue $2.2 million, net income $23.4 million or $0.19 per share, EPS $0.19 per share.

“its financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights • Total revenues for the three months ended March 31, 2023 were $2.2 million, compared to $2.1 million in the same period of 2022. • Total operating expenses for the three months ended March 31, 2023 were $23.7 million, compared to $27.0 million in the”

Rigetti Computing, Inc. reported the year ended December 31, 2022 results: revenue $13.1 million, net income $71.5 million, EPS $0.70 per share.

“Year-End 2022 Results • For the 12 months ending December 31, 2022, total revenues were $13.1 million, and net loss was $71.5 million or $0.70 per share.”

Rigetti Computing, Inc. reported the three months ended December 31, 2022 results: revenue $6.1 million, net income $22.9 million, EPS $0.19 per share.

“Total revenues for the three months ended December 31, 2022 were $6.1 million, compared to $1.8 million in the same period of 2021. • Total operating expenses for the three months ended December 31, 2022 were $32.0 million, compared to $12.2 million in the same period of 2021. • Operating loss for the three months ended December 31, 2022 was $26.7 million, compared to $11.1 million in the same period of 2021. • Net loss for the three months ended December 31, 2022 was $22.9 million or $0.19 per share, compared to $14.1 million or $0.61 per share in the same period of 2021.”

Chad Rigetti resigned as President and Chief Executive Officer at Rigetti Computing, Inc..

“As previously reported on the Original Form 8-K, on November 12, 2022, the Company’s board of directors accepted the resignation of Dr. Rigetti, the Company’s Founder, President and Chief Executive Officer, from all positions he held with the Company.”

Rigetti Computing, Inc. announced a restructuring with charges of approximately $1.4 million (approximately 50 employees).

“On February 8, 2023, the Board of Directors of Rigetti Computing, Inc. (the “Company”) approved a reduction in workforce to align with the Company’s updated business strategy and revised technology roadmap. The reduction in workforce is expected to reduce the Company’s current workforce by approximately 28%, and impact approximately 50 employees. The Company is beginning the activities with respect to its revised business plan, updated technology roadmap and reduction in workforce effective immediately. Affected employees are expected to be offered separation benefits, including severance payments and temporary healthcare coverage assistance. The Company currently expects to incur restructuring charges of approximately $1.4 million attributable to cash payments primarily for severance payments and temporary healthcare coverage to employees with respect to eliminated positions.”

Jeffrey Bertelsen was appointed as Chief Financial Officer at Rigetti Computing, Inc..

“the appointment of Jeffrey Bertelsen as the Company’s new Chief Financial Officer, each effective as of February 15, 2023”

Brian Sereda was terminated as Chief Financial Officer at Rigetti Computing, Inc..

“the Board approved the termination of Brian Sereda, the Company’s Chief Financial Officer, from such position”

Rigetti Computing, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“January 25, 2023, Rigetti Computing, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market, LLC, (“Nasdaq”), indicating that, based on the closing bid price for the previous 30 consecutive business days, the listing of the Company’s common stock was not in compliance with Nasdaq Listing Rule 5550(a)(2) to maintain a minimum bid price of $1.00 per share (the “Bid Price Rule”). Nasdaq Listing Rule 5810(c)(3)(A) provides a compliance period of 180 calendar days, or until July 24, 2023 (the “Compliance Date”), to regain compliance. If at any t”

Subodh Kulkarni was appointed as Director at Rigetti Computing, Inc..

“On December 16, 2022, the Board of Directors (the “Board”) of Rigetti Computing, Inc. (the “Company”) appointed Dr. Subodh Kulkarni to the Board, effective as of December 16, 2022”

Chad Rigetti resigned as Director at Rigetti Computing, Inc..

“the vacancy created by Dr. Chad Rigetti’s previously disclosed resignation from the Board effective as of December 15, 2022.”

Subodh Kulkarni was appointed as Director at Rigetti Computing, Inc..

“It is expected that Dr. Kulkarni will be appointed to the Company’s Board of Directors following Dr. Chad Rigetti’s previously announced departure date from the Company’s Board of Directors on December 15, 2022.”

Chad Rigetti departed as Director at Rigetti Computing, Inc..

“Dr. Chad Rigetti’s previously announced departure date from the Company’s Board of Directors on December 15, 2022.”

Rick Danis changed role as General Counsel and Corporate Secretary at Rigetti Computing, Inc..

“Mr. Rick Danis, the Company’s Interim President and Chief Executive Officer, will step down from such position and will continue with the Company in his role as the Company’s General Counsel and Corporate Secretary.”

Subodh Kulkarni was appointed as President and Chief Executive Officer at Rigetti Computing, Inc..

“Dr. Subodh Kulkarni was appointed as President and Chief Executive Officer (principal executive officer) of Rigetti Computing, Inc. (the “Company”), effective as of December 12, 2022”

Rigetti Computing, Inc. reported the third quarter of 2022 results: revenue $2.8 million, net income $18.8 million, EPS ($0.16) per share.

“for the first and second quarter of fiscal 2022, in addition to other business updates. Third Quarter 2022 Financial Highlights • Revenue for the third quarter of 2022 was $2.8 million, compared to $2.9 million in the prior year period. • Total gross profit for the third quarter of 2022 was $2.0 million, compared with $2.5 million in the prior year period. •”

Rigetti Computing, Inc. reported that prior financial statements should not be relied upon.

“On November 14, 2022, the audit committee of the Company’s board of directors (the “Audit Committee”), based on the recommendation of, and after consultation with, the Company’s management, and as discussed with BDO USA, LLP (“BDO”), the Company’s independent registered public accounting firm, concluded that the Company’s previously issued unaudited interim condensed consolidated financial statements for the quarters ended March 31, 2022 and June 30, 2022 (the “Affected Financials”), each as previously filed with the SEC, should no longer be relied upon and should be restated due to the matters described below.”

Rigetti Computing, Inc. reported financial results for the three and nine-month periods ended September 30, 2022.

“On November 14, 2022, Rigetti Computing, Inc. (“the Company”) issued a press release announcing business and management updates as well as updates regarding the delayed timing of the Company’s financial results for the three and nine-month periods ended September 30, 2022 and matters related thereto.”

Rigetti Computing, Inc.: Amended and restated bylaws to enhance procedural mechanics and disclosure requirements for stockholder nominations and proposals (effective 2022-11-08).

“On November 8, 2022, the Board approved and adopted the Amended and Restated Bylaws of the Company (the “Bylaws”), effective immediately.”

Rick Danis was appointed as Interim President and Chief Executive Officer at Rigetti Computing, Inc..

“On November 12, 2022, the Company’s board of directors appointed Rick Danis, the Company’s General Counsel and Corporate Secretary, to serve as Interim President and Chief Executive Officer of the Company effective as of such date until a successor to Dr. Rigetti has been appointed.”

Chad Rigetti resigned as Founder, President and Chief Executive Officer at Rigetti Computing, Inc..

“On November 12, 2022, the board of directors of the Company accepted the previously announced resignation of Dr. Chad Rigetti, the Company’s Founder, President and Chief Executive Officer, from all positions he holds with the Company.”

Chad Rigetti resigned as Chief Executive Officer at Rigetti Computing, Inc..

“On November 7, 2022, Chad Rigetti, Founder, President and Chief Executive Officer of Rigetti Computing, Inc. (the “Company”), provided the Company with his intention to tender resignation from his positions with the Company as President, Chief Executive Officer and Director on the Company’s Board of Directors, with an anticipated effective date of December 15, 2022.”

Chad Rigetti changed role as President and Chief Executive Officer at Rigetti Computing, Inc..

“On October 31, 2022, Rigetti Computing, Inc. (the “Company”) announced that the Company’s Founder, Dr. Chad Rigetti, will be transitioning from his position as President and Chief Executive Officer to focus on advancing the Company’s products and technology.”

Cathy McCarthy was appointed as Chair of the Board at Rigetti Computing, Inc..

“On July 5, 2022, the Board, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Ms. Cathy McCarthy, a current director on the Board, as Chair of the Board, effective at 12:00 p.m. Eastern Time on July 15, 2022.”

Peter Pace resigned as Chairman of the Board of Directors at Rigetti Computing, Inc..

“General Peter Pace, the Chairman of the Board of Directors (the “Board”) of Rigetti Computing, Inc. (the “Company”), informed the Company of his decision to resign as a director of the Company, effective at 12:00 p.m. Eastern Time on July 15, 2022, in order to spend more time with his family.”

Taryn Naidu was terminated as Chief Operating Officer at Rigetti Computing, Inc..

“On April 18, 2022, the Board of Directors of Rigetti Computing, Inc. (the “Company”) terminated the employment of Taryn Naidu, the Company’s Chief Operating Officer.”