11/27/2024 | Press release | Distributed by Public on 11/27/2024 07:02
| | |
Per Share
|
| |
Total
|
| ||||||
Offering price
|
| | |
$
|
2.00
|
| | | |
$
|
100,000,000
|
| |
Placement agent fees(1)
|
| | |
$
|
0.10
|
| | | |
$
|
5,000,000
|
| |
Proceeds to Rigetti Computing, Inc. before expenses
|
| | | $ | 1.90 | | | | | $ | 95,000,000 | | |
| | |
Page
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ABOUT THIS PROSPECTUS SUPPLEMENT
|
| | | | S-ii | | |
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
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| | | | S-iv | | |
PROSPECTUS SUPPLEMENT SUMMARY
|
| | | | S-1 | | |
THE OFFERING
|
| | | | S-2 | | |
RISK FACTORS
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| | | | S-3 | | |
USE OF PROCEEDS
|
| | | | S-5 | | |
CAPITALIZATION
|
| | | | S-6 | | |
DILUTION
|
| | | | S-7 | | |
PLAN OF DISTRIBUTION
|
| | | | S-8 | | |
LEGAL MATTERS
|
| | | | S-10 | | |
EXPERTS
|
| | | | S-10 | | |
WHERE YOU CAN FIND ADDITIONAL INFORMATION
|
| | | | S-11 | | |
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | S-11 | | |
| | |
Page
|
| |||
ABOUT THIS PROSPECTUS
|
| | | | ii | | |
PROSPECTUS SUMMARY
|
| | | | 1 | | |
RISK FACTORS
|
| | | | 6 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | 7 | | |
USE OF PROCEEDS
|
| | | | 9 | | |
DESCRIPTION OF CAPITAL STOCK
|
| | | | 10 | | |
DESCRIPTION OF DEBT SECURITIES
|
| | | | 15 | | |
DESCRIPTION OF WARRANTS
|
| | | | 21 | | |
LEGAL OWNERSHIP OF SECURITIES
|
| | | | 23 | | |
PLAN OF DISTRIBUTION
|
| | | | 26 | | |
LEGAL MATTERS
|
| | | | 28 | | |
EXPERTS
|
| | | | 28 | | |
WHERE YOU CAN FIND ADDITIONAL INFORMATION
|
| | | | 28 | | |
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | 29 | | |
| | |
As of September 30, 2024
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| |||||||||||||||
(In thousands, except share data)
|
| |
Actual
|
| |
Pro Forma
|
| |
Pro Forma
As Adjusted |
| |||||||||
| | |
(Unaudited)
|
| |||||||||||||||
Cash, cash equivalents and available for sale investments
|
| | | $ | 92,580 | | | | | $ | 151,249 | | | | | $ | 245,924 | | |
Debt, less current portion
|
| | | | 2,061 | | | | | | 2,061 | | | | | | 2,061 | | |
Stockholders' equity (deficit): | | | | | | | | | | | | | | | | | | | |
Common stock, par value $0.0001 per share, 1,000,000,000 shares authorized, 191,958,045 shares issued and outstanding, actual; 230,049,409 issued and outstanding, pro forma; 280,049,409 issued and outstanding, pro forma as adjusted
|
| | | | 19 | | | | | | 23 | | | | | | 28 | | |
Additional paid-in capital
|
| | | | 524,351 | | | | | | 582,730 | | | | | | 677,405 | | |
Accumulated other comprehensive income
|
| | | | 254 | | | | | | 254 | | | | | | 254 | | |
Accumulated deficit
|
| | | | (401,786) | | | | | | (401,786) | | | | | | (401,786) | | |
Total stockholder's equity
|
| | | | 122,838 | | | | | | 181,221 | | | | | | 275,901 | | |
Total capitalization
|
| | | $ | 124,899 | | | | | $ | 183,282 | | | | | $ | 277,962 | | |
|
Offering price per share of common stock
|
| | | | | | | | | $ | 2.00 | | |
|
Historical net tangible book value per share as of September 30, 2024
|
| | | $ | 0.64 | | | | | | | | |
|
Increase in net tangible book value per share attributable to the Q4 ATM Sales
|
| | | $ | 0.15 | | | | | | | | |
|
Increase in net tangible book value per share attributable to the offering
|
| | | $ | 0.20 | | | | | | | | |
|
Pro forma as adjusted net tangible book value per share, after the Q4 ATM Sales and this offering
|
| | | | | | | | | $ | 0.99 | | |
|
Dilution per share to new investors
|
| | | | | | | | | $ | 1.01 | | |
| | |
Per Share
|
| |
Total
|
| ||||||
Offering price
|
| | | $ | 2.00 | | | | | $ | 100,000,000 | | |
Placement agent fees
|
| | | $ | 0.10 | | | | | $ | 5,000,000 | | |
Proceeds to Rigetti Computing, Inc. before expenses
|
| | | $ | 1.90 | | | | | $ | 95,000,000 | | |
| | |
Page
|
| |||
ABOUT THIS PROSPECTUS
|
| | | | ii | | |
PROSPECTUS SUMMARY
|
| | | | 1 | | |
RISK FACTORS
|
| | | | 6 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | 7 | | |
USE OF PROCEEDS
|
| | | | 9 | | |
DESCRIPTION OF CAPITAL STOCK
|
| | | | 10 | | |
DESCRIPTION OF DEBT SECURITIES
|
| | | | 15 | | |
DESCRIPTION OF WARRANTS
|
| | | | 21 | | |
LEGAL OWNERSHIP OF SECURITIES
|
| | | | 23 | | |
PLAN OF DISTRIBUTION
|
| | | | 26 | | |
LEGAL MATTERS
|
| | | | 28 | | |
EXPERTS
|
| | | | 28 | | |
WHERE YOU CAN FIND ADDITIONAL INFORMATION
|
| | | | 28 | | |
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | 29 | | |