Rigetti Computing (RGTI) Completes $100M ATM Offering

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Go back to Rigetti Computing (RGTI) Completes $100M ATM Offering

Rigetti Announces Successful Completion of $100 Million At-the-Market Equity Offering

November 25, 2024 8:00 AM EST

BERKELEY, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (Rigetti or the Company), a pioneer in full-stack quantum-classical computing, today announced that it has successfully completed sales of $100 million gross proceeds of its common stock pursuant to its previously disclosed "at-the-market" equity offering program (the ATM Program) since the commencement of the ATM Program in March 2024. The Company intends to use the funds generated by the ATM Program for working capital, capital expenditures and other general corporate purposes, including continuing to focus on its strategy as a leader in superconducting quantum... More