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AI brief of an SEC Form 8-K · Rigetti Computing, Inc. (RGTI)

Rigetti to Receive $100M CHIPS Act Award; Issues 7,739,938 Shares to Commerce Department

Mixed Impact 4 of 5 financing Written later

Rigetti's subsidiary signed an Other Transaction Agreement with the U.S. Department of Commerce on September 4, 2026, for up to $100 million in CHIPS Act funding for superconducting quantum computing research. As a condition of the award, Rigetti agreed to issue 7,739,938 shares of common stock to the Department at an implied price of $12.92 per share, which will dilute existing stockholders.

Key points

  • Award of up to $100 million, paid in tranches of $43.9 million, $29.9 million and $26.2 million if milestones are met
  • Agreement signed September 4, 2026; share issuance under a Securities Issuance Agreement dated September 8, 2026, at an implied $12.92 per share
  • Department may demand repayment of payments as a debt for material non-compliance, and may terminate the agreement
  • Shares were issued in a private transaction exempt from registration under Section 4(a)(2) of the Securities Act

The filing

CompanyRigetti Computing, Inc. (RGTI)
Form8-K, current report
Filed with the SECSep 8, 2026, 7:25 AM ET
Accession number0001104659-26-105662

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.