Rigetti Computing Inc.
Rigetti Computing Shareholders Approve Reverse Stock Split and Elect New Directors
Summary
Rigetti Computing, Inc. held its 2024 Annual Meeting of Stockholders on June 18, 2024, where shareholders elected Thomas J. Iannotti and Alissa M. Fitzgerald as Class II Directors. Additionally, shareholders approved an amendment to the Company's Certificate of Incorporation to effect a reverse stock split of its common stock at a ratio of 1-for-10, which will be effective at the Board of Directors' discretion before the 2025 annual meeting of stockholders.
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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.
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