Rigetti Computing Inc.
Rigetti Computing Receives Nasdaq Delisting Notice
Summary
On September 16, 2024, Rigetti Computing, Inc. received a notice from Nasdaq indicating that its common stock was not in compliance with the minimum bid price rule of $1.00 per share. Nasdaq has provided a 180-day compliance period, ending March 17, 2025, for the company to regain compliance. The company is considering options, including a potential reverse stock split, to meet the requirement. However, there is no guarantee that the company will be able to regain compliance or avoid delisting.
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About Rigetti Computing Inc.
Rigetti Computing Inc. is at the forefront of a burgeoning sector within the technology industry, specializing in quantum computing. The company's main objective is to develop and commercialize quantum computing solutions that can outperform classical computers in specific tasks, which holds promise for industries like pharmaceuticals, finance, and artificial intelligence. Rigetti's pioneering efforts aim to harness the principles of quantum mechanics to create advanced hardware and cloud platforms that enable complex problem-solving and optimization capabilities. Founded in 2013 and headquartered in Berkeley, California, Rigetti endeavors to merge cutting-edge quantum technology with practical applications, potentially revolutionizing computational methods across various domains. By building a quantum computing ecosystem, Rigetti Computing Inc. plays a crucial role in advancing the technological paradigm, making it a significant entity within the rapidly evolving landscape of modern computing.
Official SEC Documents
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