Stock Track | Rigetti Computing Soars 5.45% as $100M Equity Offering Fuels Quantum Computing Ambitions

Stock Track10:44

Rigetti Computing's stock (RGTI) surged 5.45% in the 24h period on Monday, hitting a new 52-week high of $2.98 intraday. The quantum computing company's shares saw a significant rally following the successful completion of a $100 million "at-the-market" equity offering program.

Rigetti announced that it has raised $100 million through the sale of its common stock since commencing the offering program in March 2024. The funds raised will be utilized for working capital, capital expenditures, and other general corporate purposes, enabling the company to continue its pursuit of becoming a leader in superconducting quantum computing.

The company's CEO, Dr. Subodh Kulkarni, expressed optimism about Rigetti's future, stating that the cash, cash equivalents, and marketable securities from the offering should be sufficient to support the company's operations as planned through the end of 2026. Kulkarni also highlighted the growing interest in quantum computing from national labs, academic institutions, and the private sector as the technology continues to advance and more quantum applications are developed.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1134387550?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-26 10:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1134387550","market":"us","top_or_hot":-1,"title":"Stock Track | Rigetti Computing Soars 5.45% as $100M Equity Offering Fuels Quantum Computing Ambitions","media":"Stock Track","content":"<p>Rigetti Computing's stock (RGTI) surged 5.45% in the 24h period on Monday, hitting a new 52-week high of $2.98 intraday. The quantum computing company's shares saw a significant rally following the successful completion of a $100 million \"at-the-market\" equity offering program.</p>\n\n<p>Rigetti announced that it has raised $100 million through the sale of its common stock since commencing the offering program in March 2024. The funds raised will be utilized for working capital, capital expenditures, and other general corporate purposes, enabling the company to continue its pursuit of becoming a leader in superconducting quantum computing.</p>\n\n<p>The company's CEO, Dr. Subodh Kulkarni, expressed optimism about Rigetti's future, stating that the cash, cash equivalents, and marketable securities from the offering should be sufficient to support the company's operations as planned through the end of 2026. Kulkarni also highlighted the growing interest in quantum computing from national labs, academic institutions, and the private sector as the technology continues to advance and more quantum applications are developed.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Rigetti Computing Soars 5.45% as $100M Equity Offering Fuels Quantum Computing Ambitions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Rigetti Computing Soars 5.45% as $100M Equity Offering Fuels Quantum Computing Ambitions\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-26 10:44 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rigetti Computing's stock (RGTI) surged 5.45% in the 24h period on Monday, hitting a new 52-week high of $2.98 intraday. The quantum computing company's shares saw a significant rally following the ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RGTI","symbol_name":"Rigetti Computing","start_time":0,"source_url":"","article_id":"1134387550","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1134387550","pubTimestamp":1732589078,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Rigetti Computing's stock  surged 5.45% in the 24h period on Monday, hitting a new 52-week high of $2.98 intraday. The quantum computing company's shares saw a significant rally following the successful completion of a $100 million \"at-the-market\" equity offering program.Rigetti announced that it has raised $100 million through the sale of its common stock since commencing the offering program in March 2024. The funds raised will be utilized for working capital, capital expenditures, and other g","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RGTI":"Rigetti Computing"},"translate_title":"1亿美元股票发行推动量子计算雄心，股票赛道Rigetti Computing飙升5.45%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RGTI":1},"content_text":"Rigetti Computing's stock (RGTI) surged 5.45% in the 24h period on Monday, hitting a new 52-week high of $2.98 intraday. The quantum computing company's shares saw a significant rally following the successful completion of a $100 million \"at-the-market\" equity offering program.\nRigetti announced that it has raised $100 million through the sale of its common stock since commencing the offering program in March 2024. The funds raised will be utilized for working capital, capital expenditures, and other general corporate purposes, enabling the company to continue its pursuit of becoming a leader in superconducting quantum computing.\nThe company's CEO, Dr. Subodh Kulkarni, expressed optimism about Rigetti's future, stating that the cash, cash equivalents, and marketable securities from the offering should be sufficient to support the company's operations as planned through the end of 2026. Kulkarni also highlighted the growing interest in quantum computing from national labs, academic institutions, and the private sector as the technology continues to advance and more quantum applications are developed.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1134387550"}