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Rigetti Computing announced a partnership with Nasdaq to explore quantum computing applications in the finance sector. This collaboration leverages Rigetti's 80-qubit Aspen M quantum processor and aims to tackle issues such as fraud detection, order matching, and risk management. Rigetti believes that quantum solutions can enhance accuracy, speed, and cost-efficiency in financial computations. The initiative is part of Rigetti's broader strategy, which also includes collaborations with Deloitte and Microsoft.
Rigetti and Zapata Computing have announced a partnership to integrate Zapata's Orquestra platform with Rigetti’s 80Q Aspen-M Quantum System. This collaboration will develop a unique compilation toolchain for hybrid quantum-classical algorithms, enhancing access to Rigetti's Quantum Cloud Services (QCS). The project aims to optimize quantum-ready applications at an enterprise scale and is expected to aid computations on the Orquestra platform. The integrated toolchain is projected to be available in Q2 2022 as enterprises seek to streamline quantum-enabled workflows.
Supernova Partners Acquisition Company II (NYSE: SNII) has filed a definitive proxy statement with the SEC regarding its extraordinary general meeting on February 28, 2022, to approve its business combination with Rigetti Computing. Shareholders are encouraged to vote at the virtual meeting, with a record date set for January 18, 2022. The Supernova Board recommends voting 'FOR' the combination. If approved, the new entity will be traded on Nasdaq under the ticker symbols 'RGTI' and 'RGTI WS'. The combined entity aims to enhance quantum computing capabilities.
Rigetti Computing has appointed retired Marine General Peter Pace as Chairman of the Board. General Pace, a board member since June 2017, brings extensive military and corporate leadership experience to the role. This transition comes as Rigetti works towards completing its merger with Supernova Partners Acquisition Company II (NYSE: SNII), which will rebrand the combined entity as Rigetti Computing, Inc. The merger awaits stockholder approval and regulatory conditions, promising to enhance Rigetti's position in the quantum computing sector.
Rigetti Computing will present at the 24th annual Needham Growth Conference on January 10, 2022, from 5:00-5:40 pm ET. Key speakers include Chad Rigetti (CEO), Taryn Naidu (COO), and Brian Sereda (CFO). A live webcast will be available, with an archive accessible for a year. Rigetti is merging with Supernova Partners Acquisition Company II (NYSE: SNII), pending shareholder approval. They specialize in hybrid quantum computing and have developed the first multi-chip quantum processor, enhancing scalability.
Rigetti Computing and Supernova Partners Acquisition Company II (NYSE: SNII) announced an additional $45 million in private placement commitments for their proposed merger. This brings the total PIPE commitments to approximately $148 million. The additional shares are priced at $10.25 each, premium to the previous $10.00 offering. Rigetti aims to use these funds to expedite the development of quantum processors, highlighted by their new 'Aspen-M' 80-qubit quantum computer.
Rigetti, a leader in quantum computing, has announced a merger with Supernova Partners Acquisition Company II (SNII), valuing Rigetti at approximately $1.5 billion. The transaction is expected to provide about $458 million in gross cash proceeds, including a PIPE financing exceeding $100 million. This merger will allow Rigetti to accelerate its development of scalable quantum processors, aiming to expand from 80 qubits in 2021 to 4,000 qubits by 2026. The merger is subject to shareholder approval and customary closing conditions.
Supernova Partners Acquisition Company II (NYSE: SNII) announced it received a notice from the NYSE for not complying with listing requirements due to the late filing of its Form 10-Q for the quarter ended March 31, 2021. The Company was unable to file on time due to the impact of the SEC's recent statement regarding warrant accounting. Although this notice does not impact trading or listing immediately, SNII is working with its accounting firm to file the Form 10-Q as soon as possible while remaining compliant with other NYSE requirements.
Supernova Partners Acquisition Company II, Ltd. (NYSE: SNII.U) announced that starting April 22, 2021, holders of its 34.5 million IPO units can separately trade Class A ordinary shares and redeemable warrants. Units not separated will continue trading under SNII.U. The company, a blank check entity, aims to merge with a technology firm focusing on enterprise solutions. Notable leaders include Spencer Rascoff and Alexander Klabin. The offering was underwritten by J.P. Morgan and Jefferies. This press release also contains forward-looking statements regarding future business prospects.
Supernova Partners Acquisition Company II announced the pricing of its IPO, raising $300 million by offering 30 million units at $10 each. The company aims to merge with a technology-focused enterprise solutions company. The units will trade on the NYSE under the symbol 'SNII.U' from March 2, 2021. Each unit includes one Class A share and one-quarter of a warrant, with the warrants trading under 'SNII.WS.' J.P. Morgan and Jefferies are the book runners, with a 45-day option for underwriters to purchase an additional 4.5 million units.
