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Rigetti secures up to $100M CHIPS funding; issues $100M stock

Rigetti Computing said it signed two related agreements with the U.S. Department of Commerce, including an Other Transaction Agreement for up to $100 million in CHIPS Act funding with a $43.9 million initial disbursement.

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Rigetti Computing announced two related agreements with the U.S. Department of Commerce to advance superconducting quantum computing. The company entered an Other Transaction Agreement for up to $100 million in CHIPS Act funding, including a $43.9 million initial disbursement and two milestone-base…

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