Rigetti Computing Raises $5.5M Through Equity Sales

Rigetti Computing (RGTI) has released an update to notify the public and investors about the unregistered sales of equity securities.

The Company has successfully sold over 5.2 million shares to B. Riley Principal Capital II LLC, resulting in net proceeds of $5.5 million. This significant transaction, which bypassed traditional registration due to specific exemptions in securities laws, yielded a gross of $5.7 million before accounting for underwriting discounts of $0.2 million, bolstering the Company’s financial standing and promising potential growth to investors.

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For a comprehensive understanding of the announcement, you can read the full document here.