10-K Filing

Rigetti Computing, Inc. CIK: 1838359 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001564590-22-006345`
Period End Date	20211231
Filing Date	20220223
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	snii-10k_20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 9 Cash Flow Statement 23 Stockholders Equity 9

Balance Sheet 39 line items

Line Item	Tag	Value	Unit	Period
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
Prepaid expenses current	`PrepaidExpenseCurrent`	$235.40K	USD	Point-in-time
Prepaid expenses current	`PrepaidExpenseCurrent`	$10.31K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$767.84K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.31K	USD	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
Deferred offering costs	`DeferredCosts`	$33.00K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses long term	`PrepaidExpenseNoncurrent`	$35.68K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments held in Trust Account	`InvestmentsFairValueDisclosure`	$345.02M	USD	Point-in-time
Total Assets	`Assets`	$43.31K	USD	Point-in-time
Total Assets	`Assets`	$345.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$314.09K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$33.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.92M	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`	$47.30M	USD	Point-in-time
Total Liabilities	`Liabilities`	$33.00K	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	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
Preference shares, $0.0001 par value; 5,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 5,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	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 9 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`	$-4.90M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-14.69K	USD	Point-in-time
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$17.78M	USD	Annual
Offering costs associated with derivative warrant liabilities	`OfferingCostsAssociatedWithDerivativeLiabilities`	$502.45K	USD	Annual
Income from investments held in Trust Account	`GainLossOnInvestments`	$19.27K	USD	Annual
Net loss	`NetIncomeLoss`	$-14.69K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-23.17M	USD	Annual

Cash Flow Statement 23 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-14.69K	USD	Point-in-time
Net loss	`ProfitLoss`	$-23.17M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$17.78M	USD	Annual
Offering costs associated with derivative liabilities	`OfferingCostsAssociatedWithDerivativeLiabilities`	$502.45K	USD	Annual
Income from investments held in Trust Account	`GainLossOnInvestments`	$19.27K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-14.69K	USD	Point-in-time
Prepaid expenses	`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 change in 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
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
Sale of private placement warrants to Sponsor in private placement, less allocation to derivative warrant liabilities	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$4.41M	USD	Annual
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
Net loss	`NetIncomeLoss`	$-14.69K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-23.17M	USD	Annual
Ending balance	`StockholdersEquity`	$-46.48M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$10.31K	USD	Point-in-time

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