S-1 Filing

Rigetti Computing, Inc. CIK: 1838359

Filing Information

Form Type	S-1
Accession Number	`0001193125-22-082842`
Period End Date	20211231
Filing Date	20220323
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	d200128ds1_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 12 Cash Flow Statement 28 Stockholders Equity 9 Comprehensive Income 2

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$532.44K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses current	`PrepaidExpenseCurrent`	$10.31K	USD	Point-in-time
Prepaid expenses current	`PrepaidExpenseCurrent`	$235.40K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$767.84K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.31K	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	-	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	$33.00K	USD	Point-in-time
Prepaid expenses long term	`PrepaidExpenseNoncurrent`	$35.68K	USD	Point-in-time
Investments held in Trust Account	`InvestmentsFairValueDisclosure`	$345.02M	USD	Point-in-time
Total assets	`Assets`	$345.82M	USD	Point-in-time
Total assets	`Assets`	$43.31K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$314.09K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.92M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$33.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.24M	USD	Point-in-time
Deferred underwriting commissions	`DeferredUnderwritingCommissionNoncurrent`	$12.07M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$30.99M	USD	Point-in-time
Total Liabilities	`Liabilities`	$33.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$47.30M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable convertible preferred stock, par value $0.000001 per share. 102,891,847 shares authorized at December 31, 2021 and January 31, 2021, respectively; and 98,726,505 shares issued and outstanding at December 31, 2021 and January 31, 2021, respectively (aggregate liquidation preference of $89,524,504 at December 31, 2021)	`PreferredStockValue`	-	USD	Point-in-time
Redeemable convertible preferred stock, par value $0.000001 per share. 102,891,847 shares authorized at December 31, 2021 and January 31, 2021, respectively; and 98,726,505 shares issued and outstanding at December 31, 2021 and January 31, 2021, respectively (aggregate liquidation preference of $89,524,504 at December 31, 2021)	`PreferredStockValue`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption, $0.0001 par value; 34,500,000 and -0- shares at $10.00 per share as of December 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption, $0.0001 par value; 34,500,000 and -0- shares at $10.00 per share as of December 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$345.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$24.14K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-46.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.69K	USD	Point-in-time
Total Shareholders' Equity (Deficit)	`StockholdersEquity`	$-46.48M	USD	Point-in-time
Total Shareholders' Equity (Deficit)	`StockholdersEquity`	$10.31K	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$43.31K	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$345.82M	USD	Point-in-time

Income Statement 12 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.90M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$14.69K	USD	Point-in-time
Loss from operations	`OperatingIncomeLoss`	$-14.69K	USD	Point-in-time
Loss from operations	`OperatingIncomeLoss`	$-4.90M	USD	Annual
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	-	USD	Point-in-time
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$17.78M	USD	Annual
Offering costs associated with derivative warrant liabilities	`OfferingCostsAssociatedWithDerivativeLiabilities`	-	USD	Point-in-time
Offering costs associated with derivative warrant liabilities	`OfferingCostsAssociatedWithDerivativeLiabilities`	$502.45K	USD	Annual
Income from investments held in Trust Account	`GainLossOnInvestments`	-	USD	Point-in-time
Income from investments held in Trust Account	`GainLossOnInvestments`	$19.27K	USD	Annual
Net loss	`NetIncomeLoss`	$-23.17M	USD	Annual
Net loss	`NetIncomeLoss`	$-14.69K	USD	Point-in-time

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-23.17M	USD	Annual
Net loss	`ProfitLoss`	$-14.69K	USD	Point-in-time
Income from investments held in Trust Account	`GainLossOnInvestments`	-	USD	Point-in-time
Income from investments held in Trust Account	`GainLossOnInvestments`	$19.27K	USD	Annual
Offering costs associated with derivative liabilities	`OfferingCostsAssociatedWithDerivativeLiabilities`	-	USD	Point-in-time
Offering costs associated with derivative liabilities	`OfferingCostsAssociatedWithDerivativeLiabilities`	$502.45K	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	Point-in-time
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$17.78M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-14.69K	USD	Point-in-time
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$260.77K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$314.09K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.89M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-961.98K	USD	Annual
Cash deposited in Trust Account	`CashDepositedInTrustAccount`	$345.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-345.00M	USD	Annual
Proceeds from note payable to related party	`ProceedsFromNotesPayable`	$275.00K	USD	Annual
Repayment of note payable to related party	`RepaymentsOfNotesPayable`	$275.00K	USD	Annual
Proceeds received from initial public offering, gross	`ProceedsFromIssuanceInitialPublicOffering`	$345.00M	USD	Annual
Proceeds received from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$8.90M	USD	Annual
Offering costs paid	`PaymentsOfStockIssuanceCosts`	$7.41M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$346.49M	USD	Annual
Net (decrease) increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$532.44K	USD	Annual
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$532.44K	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$532.44K	USD	Point-in-time
Offering costs included in accrued expenses	`NonCashOfferingCostsIncludedInAccruedExpense`	$33.00K	USD	Point-in-time
Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares	`PrepaidExpensesPaidBySponsorInExchangeForIssuanceOfCommonStock`	$25.00K	USD	Point-in-time
Deferred underwriting commissions	`NonCashDeferredUnderwritingCommissions`	$12.07M	USD	Annual
Accretion of Class A ordinary shares to redemption amount	`AccretionOfClassAOrdinarySharesToRedemptionAmount`	$27.72M	USD	Annual

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-46.48M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$10.31K	USD	Point-in-time
Accretion of Class A ordinary shares to redemption amount	`AccretionOfOrdinarySharesToRedemptionAmount`	$-27.72M	USD	Annual
Issuance of Class B ordinary shares to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Point-in-time
Issuance of Common Stock Warrants to Investors	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$4.41M	USD	Annual
Net Loss	`NetIncomeLoss`	$-23.17M	USD	Annual
Net Loss	`NetIncomeLoss`	$-14.69K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-46.48M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$10.31K	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-23.17M	USD	Annual
Net loss	`NetIncomeLoss`	$-14.69K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.