Summary by Moomoo AI
Rigetti Computing, Inc. has completed the sale of 10,056,799 shares of common stock to B. Riley Principal Capital II LLC, as part of a previously established Common Stock Purchase Agreement dated August 11, 2022. The transaction, which took place since February 5, 2024, resulted in net proceeds of $12.8 million for Rigetti Computing, with gross proceeds totaling $13.2 million and underwriting discounts or commissions amounting to $0.4 million. The shares were sold under exemptions from registration requirements as per Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) of Regulation D. Following this sale, Rigetti Computing has reached the maximum allowable sales under the Purchase Agreement, with a total of 23,648,889 shares sold, amounting to $75.0 million. As of February 15, 2024, no shares remain available for sale under this agreement.