Rigetti & Co, Inc. announced that it has entered into subscription agreement to issue 10,251,000 common shares at a price of $10 per share for a total gross proceeds of $102,510,000 on October 6, 2021. The transaction will include participation from funds and accounts advised by T. Rowe Price Group, Inc., In-Q-Tel, Inc., returning investors Deer Management Company, LLC, Franklin Resources, Inc., and some new strategic partners including Keysight Technologies, Inc., Palantir Technologies Inc. and Ampere Computing LLC. The company has raised approximately $200,000,000 in funding till date.

The transaction is subject to consummated concurrently with the closing of the merger. The company will issue common shares under the Securities Act of 1933, in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and Regulation D.