Rigetti Computing prices 50M shares at $2.00 in registered direct offering
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Contributor since / Followers
Contributor since / Followers
4 weeks ago
- Rigetti Computing (NASDAQ:RGTI) has announced that it has entered into securities purchase agreements for the purchase and sale of 50M shares of the Co.’s common stock, par value $0.0001/share, at a purchase price of $2.00/share, resulting in gross proceeds of ~$100M.
- The Co. intends to use the net proceeds from the offering for working capital and general corporate purposes.
- With the anticipated net proceeds from this offering and cash on hand, the Company believes it will be adequately funded to continue its current technology development and on-premises quantum computer business strategy without the need to raise additional capital.
- The closing of the offering is expected to occur on or about Nov. 27, 2024.
- RGTI -18.55% premarket to $2.4.