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Rigetti Computing Raises $5.5M Through Equity Sales

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.

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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.

For further insights into RGTI stock, check out TipRanks’ Stock Analysis page.

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

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