MilestoneIndustryConfirmed
Rigetti Computing goes public on Nasdaq through a SPAC merger
Mar 2, 2022
Quantum computer maker Rigetti Computing begins trading on Nasdaq under the ticker RGTI after closing its merger with Supernova Partners Acquisition Company II, a listed shell company (SPAC). The deal brought Rigetti $261.75 million in cash.
Why it matters
It was part of a run of SPAC deals, after IonQ in 2021 and before D-Wave later in 2022, that brought quantum hardware makers to public stock markets.
Related
Source
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Quantum Computing Report
Rigetti Computing is Now a Public Company after Closing the Business Combination with Supernova Partners Acquisition Company II, Ltd.
“Rigetti Computing is now a public company and its shares are trading on the NASDAQ exchange under ticker symbol RGTI. Associated with the close, the company has received $261.75 million in cash of which $114.24 million came from a trust account held by Supernova before the merger and an additional $147.51 million from a fully committed PIPE (Private Investment in Public Equity).”
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