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Form 8-K · Current Report · Filed 2024-09-24

Rigetti Computing Extends Corporate Headquarters Lease

On September 24, 2024, Rigetti Computing, Inc.

Filer
Rigetti Computing Inc. RGTI · NASDAQ
Filed
Accession
0001104659-24-102448
CIK
0001838359
Signal
Low impactTechnology

Details

announced that its wholly-owned subsidiary, Rigetti & Co., LLC, entered into the Third Amendment to its existing Standard Industrial/Commercial Multi-Tenant Lease for its corporate headquarters located at 775 Heinz Avenue, Berkeley, CA. The amendment extends the lease term to October 31, 2028, with an option to extend further. New rental rates of $71,756.25 per month, effective from November 1, 2025, include an annual escalation of 3% starting from November 1, 2026. All other terms of the original lease remain unchanged.

Items reported

Item 8.01

Other Events

Corporate Update
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$0.76

Next session

-3.3%

Since filing

+1854.2%

Latest close

$14.95

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from RGTI reporting the same item, with the next session's move:

Exhibits (1)

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.

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