08:31 AM EST, 11/25/2024 (MT Newswires) -- Rigetti Computing ( RGTI ) said Monday it completed sales of $100 million worth of its common stock as part of a March 2024 "at-the-market" equity offering program.

The quantum computing-focused tech firm plans to use the funds for general corporate purposes.

Rigetti Chief Executive Subodh Kulkarni believes the company has enough cash and cash equivalents to finance operations through the end of 2026.