Rigetti establishes up to $350M at-the-market equity facility with Jefferies to fund quantum scale-up
In a Form 8-K filed 2025-05-30 (agreement dated 2025-05-29) under Item 1.01, Rigetti Computing disclosed an Open Market Sale Agreement with Jefferies LLC establishing an at-the-market (ATM) offering program to issue and sell up to $350 million of common stock from time to time. The company framed the facility as flexible capital to support its superconducting quantum-computing scale-up.
A $350M ATM facility is a sizable, investor-material capital-raising authorization at a tracked pure-play with an explicit scaling-roadmap rationale, consistent with the §8 score-6/7 'corporate action / dilution with capital-deployment narrative' anchors, tempered because it authorizes rather than executes a takedown.
The facility gives Rigetti a large dilution buffer to fund fabrication and the Quanta-collaboration roadmap without a single marketed offering, a financing pattern increasingly common among capital-hungry quantum pure-plays and one that pressures per-share value if drawn heavily.