Rigetti Computing’s subsidiary entered into a definitive Other Transaction Agreement with the U.S. Department of Commerce to receive up to $100 million in funding under the CHIPS Act for superconducting quantum computing research and development. The award is disbursed in tranches: an initial $43.9 million upon execution, followed by $29.9 million and $26.2 million contingent on achieving specific technical milestones regarding readout electronics, cryogenic capacity, and chip fabrication. As consideration for the funding, Rigetti issued 7,739,938 shares of common stock to the Department at an implied price of $12.92 per share on September 8, 2026. The agreement imposes strict compliance, security, and intellectual property obligations, with provisions allowing the government to recover funds for material non-compliance or terminate the deal. Rigetti Computing operates in the quantum computing industry, designing and manufacturing superconducting quantum processors and systems.

Rigetti Computing, Inc. announced that Dr. Ray Johnson resigned from its Board of Directors effective August 28, 2026. The company stated the resignation was not due to any disagreements regarding operations or policies and thanked him for his service. Rigetti Computing operates in the quantum computing industry.

Rigetti Computing appointed David Rivas as Chief Operating Officer and Andrew Bestwick as Chief Technology Officer, effective August 18, 2026. Mr. Rivas, previously CTO since February 2023, receives an annual base salary of $440,000 for his new role overseeing manufacturing, systems delivery, commercial functions, and customer-facing engineering. Dr. Bestwick, formerly Senior Vice President of Quantum Systems, assumes the CTO position to lead quantum processor development, chip fabrication, and hardware engineering. This organizational restructuring establishes a dedicated Systems Delivery organization to scale on-premises deployments while allowing engineering teams to focus on advancing processor performance and achieving a target of 99.5% median two-qubit gate fidelity on the Cepheus-1-108Q system. Rigetti Computing operates in the quantum computing industry, designing and manufacturing full-stack quantum systems based on superconducting qubits.