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Rigetti Computing has made a big deal with the U.S. government for up to $100 million to boost research.

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Rigetti will receive up to $100M for superconducting quantum R&D, with $43.9M available soon, but it must issue $100M in common stock and accept government IP and security terms, so the announcement leaves how we read the company unchanged.

RGTI · Rigetti Computing, Inc.

AI read · Neutral

The AI's read

Rigetti announced an Other Transaction Agreement with the U.S. Department of Commerce for up to $100 million in funding. The award makes $43.9 million available soon and supports three superconducting quantum projects. The agreement also requires the company to issue $100 million in common stock and accepts government IP, security, and repayment conditions. Because the funding and the required share issuance plus strict government terms largely cancel each other, the announcement leaves how we read Rigetti unchanged.

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