Rigetti signs letter of intent for $100M CHIPS Act award with 15% discounted equity issuance

Filed May 21, 2026 · Period ending May 20, 2026 · ~1 min read

Key Changes

• high

  Rigetti subsidiary signed non-binding letter of intent with U.S. Department of Commerce for $100M CHIPS Act award over 3 years to fund superconducting quantum computing R&D.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• high

  Award structure contemplates issuing $100M worth of common stock to the government at the lowest closing price among three reference dates (May 5, May 20, or award issuance), discounted 15%, representing significant dilution.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• medium

  Letter of intent is non-binding and requires negotiation of definitive agreements; no guarantee the award will be finalized or terms will remain unchanged.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →