Rigetti Computing to Be a part of Russell 3000® Index

BERKELEY, Calif., June 27, 2022 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (“Rigetti” or “the Firm”) (NASDAQ: RGTI), a pioneer in hybrid quantum-classical computing programs, right now introduced the Firm is ready to affix the Russell 3000^® Index. Inclusion is scheduled to happen on the conclusion of the 2022 Russell indexes annual reconstitution, efficient after the US market opens on June 27, 2022, in line with the ultimate checklist of additives posted June 24, 2022.

“Inclusion within the Russell 3000^® Index is an thrilling growth as we work to spotlight Rigetti’s pioneering function within the quantum computing trade,” mentioned Chad Rigetti, Founder and CEO. “Simply as classical computing has been a long-term driver of financial development, we consider the identical dynamic will maintain true for quantum computing within the years and many years forward. We’re transferring with function and conviction to advance our expertise and combine our quantum processors into the material of the cloud. We look ahead to becoming a member of the index only one quarter after itemizing as a public firm.”

FTSE Russell, a number one world index supplier for funding managers and institutional traders, makes use of goal market-capitalization rankings and magnificence attributes to find out index membership. Practically 70% of actively managed institutional fairness belongings are benchmarked to a Russell US Index, and roughly $12 trillion in belongings observe Russell US Indexes.

The Russell reconstitution happens yearly to make sure Russell US Indexes precisely mirror the present market state. The Russell 3000^® Index consists of the biggest 3,000 publicly traded U.S. corporations.

Extra info on the Russell 3000^® Index and the Russell indexes reconstitution, may be discovered on the “Russell Reconstitution” part on the FTSE Russell web site.

About Rigetti
Rigetti is a pioneer in full-stack quantum computing. The Firm has operated quantum computer systems over the cloud since 2017 and serves world enterprise, authorities, and analysis shoppers by its Rigetti Quantum Cloud Companies platform. The Firm’s proprietary quantum-classical infrastructure gives ultra-low latency integration with private and non-private clouds for high-performance sensible quantum computing. Rigetti has developed the trade’s first multi-chip quantum processor for scalable quantum computing programs. The Firm designs and manufactures its chips in-house at Fab-1, the trade’s first devoted and built-in quantum system manufacturing facility. Rigetti was based in 2013 by Chad Rigetti and right now employs greater than 160 individuals with places of work in america, U.Ok. and Australia. Be taught extra at www.rigetti.com.

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Ahead wanting statements
Sure statements on this communication could also be thought of forward-looking statements, together with however not restricted to, duties in reference to the administration of the Firm’s enterprise and operations, together with the Firm’s hiring plans; the Firm’s development; the Firm’s means to convey highly effective new quantum processors to market by its Quantum Cloud Companies platform and unlock high-impact purposes for enterprise and authorities prospects; and different statements that aren’t historic details. Ahead-looking statements usually relate to future occasions and may be recognized by terminology corresponding to “professional forma,” “might,” “ought to,” “may,” “would possibly,” “plan,” “attainable,” “undertaking,” “try,” “funds,” “forecast,” “anticipate,” “intend,” “will,” “estimate,” “anticipate,” “consider,” “predict,” “potential,” “pursue,” “anticipate” or “proceed,” or the negatives of those phrases or variations of them or comparable terminology. Such forward-looking statements are topic to dangers, uncertainties, and different elements which may trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements. These forward-looking statements are based mostly upon estimates and assumptions that, whereas thought of affordable by Rigetti and its administration, are inherently unsure. Components which will trigger precise outcomes to vary materially from present expectations embrace, however should not restricted to: Rigetti’s means to realize milestones, technological developments, together with with respect to its roadmap, assist unlock quantum computing, and develop sensible purposes; the potential of quantum computing; the success of Rigetti’s partnerships and collaborations; Rigetti’s means to speed up its growth of a number of generations of quantum processors; the end result of any authorized proceedings which may be instituted towards Rigetti or others with respect to its enterprise mixture with Supernova Companions Acquisition Firm II, Ltd. (the “Enterprise Mixture”) or different issues; the power to satisfy inventory trade itemizing requirements; the danger that the Enterprise Mixture disrupts present plans and operations of Rigetti; the power to acknowledge the anticipated advantages of the Enterprise Mixture, which can be affected by, amongst different issues, competitors, the power of Rigetti to develop and handle development profitably, keep relationships with prospects and suppliers and retain its administration and key workers; prices associated to the Enterprise Mixture and working as a public firm; modifications in relevant legal guidelines or rules; the chance that Rigetti could also be adversely affected by different financial, enterprise, or aggressive elements; Rigetti’s estimates of bills and profitability; the evolution of the markets wherein Rigetti competes; the power of Rigetti to execute on its expertise roadmap; the power of Rigetti to implement its strategic initiatives, enlargement plans and proceed to innovate its current providers; the influence of the COVID-19 pandemic on Rigetti’s enterprise; the anticipated use of proceeds of the Enterprise Mixture; the sufficiency of Rigetti’s money sources; unfavorable circumstances in Rigetti’s trade, the worldwide economic system or world provide chain, together with monetary and credit score market fluctuations, worldwide commerce relations, political turmoil, pure catastrophes, warfare (such because the battle involving Russia and Ukraine), and terrorist assaults; and different dangers and uncertainties set forth within the part entitled “Danger Components” and “Cautionary Notice Concerning Ahead-Wanting Statements” within the registration on Type S-4, the Firm’s Type 8-Ok filed with the Securities and Trade Fee (the “SEC”) on March 7, 2022, and within the Firm’s Type 10-Q for the three months ended March 31, 2022, and different paperwork filed by the Firm every so often with the SEC. These filings determine and tackle different essential dangers and uncertainties that might trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements communicate solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and the Firm assumes no obligation and doesn’t intend to replace or revise these forward-looking statements apart from as required by relevant legislation. The Firm doesn’t give any assurance that it’s going to obtain its expectations.

Contacts
Rebecca Malamud
Rigetti Computing, Inc.
[email protected]

Polly Pearson
Investor Relations
[email protected]