Rigetti Computing Subsidiary Enters Sublease Agreement

Details

The agreement involves leasing approximately 12,543 rentable square feet of office and laboratory space at 740 Heinz Avenue, Berkeley, California, from June 1, 2026, to November 30, 2029. The sublease is subject to the consent of the master landlord, Seventh Street Properties VII, LLC. The monthly base rent starts at $38,111.91 and increases annually. The subtenant is also responsible for its share of taxes, insurance, and operating expenses. The agreement includes customary events of default, representations, warranties, and covenants.

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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.