Rigetti Announces Successful Completion of $100 Million At-the-Market Equity Offering
Summary
The Company intends to use the funds generated by the ATM Program for working capital, capital expenditures and other general corporate purposes, including continuing to focus on its strategy as a leader in superconducting quantum computing and continuing to work to improve its 2-qubit gate fidelity and scale towards higher qubit count systems.We are pleased to see the enthusiasm for the quantum computing sector and our company. As the technology continues to improve and more quantum applications are developed we expect to see increasingly more interest from industry and the private sector, says Dr. Subodh Kulkarni, Rigetti CEO.Rigettis system gate speeds consistently achieve an active duration of 60-80ns, which is several orders of magnitude faster than other modalities such as ion traps and neutral atoms. The Companys proprietary quantum-classical infrastructure provides high performance integration with public and private clouds for practical quantum computing. Learn more at www.rigetti.com.Cautionary Language Concerning Forward-Looking StatementsCertain statements in this communication may be considered forward-looking statements within the meaning of the federal securities laws, including statements with respect to the Companys expectations with respect to its future success and performance, including expectations with respect to the sufficiency of its capital resources and use of funds, development programs, business strategy, the relative performance of its technology, interest in the Company and quantum computing generally, and the potential of the Companys business and quantum computing generally. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.