{"id":"523dfb35-2d0a-4880-8adc-43562a94a9bb","slug":"rigetti-nasdaq-delisting-notice-2024-09","kind":"regulatory_action","headline":"Rigetti faces Nasdaq delisting notice for stock price below $1 threshold","summary":"Rigetti Computing received a Nasdaq delisting notice on September 16, 2024, after its common stock fell below the required $1 minimum bid price. This was the company's second delisting threat, the first occurring in late 2022/early 2023. Nasdaq provided a 180-day cure period until March 17, 2025 to regain compliance.","occurredAt":"2024-09-16T00:00:00.000Z","reviewStatus":"reviewed","modelId":null,"deploymentId":null,"companyId":"226785df-b219-4142-8794-07a91825d6f0","dataCenterId":null,"aliases":[],"collisionRisk":"none","reviewNote":null,"severity":"moderate","rootCauseCategory":null,"rootCauseDetail":null,"affectedUnitsCount":null,"affectedUnitsBasis":null,"remediationStatus":"in_progress","regulatoryAction":"inquiry_opened","regulatoryBody":"Nasdaq","propertyDamageEstimateUsd":null,"damageEstimateBasis":null,"bodilyInjurySeverity":null,"fatalityCount":null,"lossCostClass":null,"sourceQualityTier":null,"oshaRecordable":null,"oshaCaseNumber":null,"rootCauseDisclosed":null,"publicDisclosureDate":null,"insuranceClaimPublic":null,"formFactor":null,"latitude":null,"longitude":null,"autonomyClass":null,"legalOutcomeClass":"unknown","createdAt":"2026-08-26T13:05:44.963Z","updatedAt":"2026-09-29T19:26:02.211Z","model":null,"deployment":null,"company":{"id":"226785df-b219-4142-8794-07a91825d6f0","name":"Rigetti Computing","slug":"rigetti-computing","description":"Rigetti Computing (NASDAQ: RGTI) is a full-stack [superconducting quantum computing](https://en.wikipedia.org/wiki/Superconducting_quantum_computing) company that designs and manufactures quantum processors in-house at its Fab-1 facility in [Berkeley](https://en.wikipedia.org/wiki/Berkeley,_California), California. The company operates quantum computers over the cloud through its [Quantum Cloud Services](https://docs.rigetti.com/qcs) (QCS) platform and sells on-premises systems including the 9-qubit Novera™ QPU. Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems and is targeting 1,000+ qubit systems by 2027.","status":"public","founded":2013,"hq":"Berkeley, California, USA","hqLat":null,"hqLng":null,"hqGeocodedAt":null,"hqAddress":null,"hqPrecision":null,"website":"https://www.rigetti.com","fundingTotal":null,"type":"both","roles":["brain_provider"],"reviewStatus":"reviewed","heatIndex":0,"lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://en.wikipedia.org/wiki/Rigetti_Computing","name":"Wikipedia","title":"Rigetti Computing - Wikipedia"},{"url":"https://investors.rigetti.com/news-releases/news-release-details/rigetti-computing-appoints-dr-subodh-kulkarni-president-and/","name":"Rigetti Investor Relations","title":"Rigetti Computing Appoints Dr. Subodh Kulkarni as President and CEO"}],"keyFacts":[{"label":"CEO","value":"Dr. Subodh Kulkarni (since Dec 2022)"},{"label":"Founder","value":"Chad Rigetti (former IBM quantum researcher)"},{"label":"Ticker","value":"Nasdaq: RGTI"},{"label":"Technology","value":"Superconducting quantum computing (full-stack)"},{"label":"Products","value":"On-premises 9-qubit to 180-qubit systems"},{"label":"Flagship","value":"Ankaa-3 (84 qubits) + Novera QPU (9 qubits)"},{"label":"Cash position","value":"$558.9M (Sep 2025)"},{"label":"CHIPS Act","value":"$100M"}],"aliases":[],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":"RGTI","stockExchange":"NASDAQ","secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":140,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-08-25T17:18:02.441Z","updatedAt":"2026-08-26T13:05:57.692Z"},"derived":{"status":"active"},"sources":[{"id":"d6a715e9-b132-488c-9918-b4274140feff","incidentId":"523dfb35-2d0a-4880-8adc-43562a94a9bb","url":"https://investors.rigetti.com/static-files/8fc362a4-5b01-4b46-962d-37f641922a38","label":"SEC Form 8-K","publishedAt":"2024-09-17T00:00:00.000Z","notes":null,"title":null,"sourceName":"SEC EDGAR","mediaType":"article","videoId":null,"channel":null,"durationSec":null,"timestampSec":null,"createdAt":"2026-08-26T13:05:44.963Z","updatedAt":"2026-08-26T13:05:44.963Z"},{"id":"919e1825-61b3-4ab8-b599-e127369bca8c","incidentId":"523dfb35-2d0a-4880-8adc-43562a94a9bb","url":"https://www.sec.gov/Archives/edgar/data/1838359/000110465924100682/tm2424186d1_8k.htm","label":null,"publishedAt":"2024-09-17T00:00:00.000Z","notes":null,"title":"Rigetti Computing Form 8-K Nasdaq minimum bid price notice","sourceName":"SEC EDGAR","mediaType":"article","videoId":null,"channel":null,"durationSec":null,"timestampSec":null,"createdAt":"2026-09-29T19:26:01.832Z","updatedAt":"2026-09-29T19:26:01.832Z"},{"id":"9f3cd8a2-4967-4233-ba50-009f1b74d4ec","incidentId":"523dfb35-2d0a-4880-8adc-43562a94a9bb","url":"https://thequantuminsider.com/2024/11/06/rigetti-regains-compliance-with-nasdaq-listing-standards/","label":null,"publishedAt":"2024-11-06T00:00:00.000Z","notes":null,"title":"Rigetti regains compliance with Nasdaq listing standards","sourceName":"The Quantum Insider","mediaType":"article","videoId":null,"channel":null,"durationSec":null,"timestampSec":null,"createdAt":"2026-09-29T19:26:03.104Z","updatedAt":"2026-09-29T19:26:03.104Z"}],"responses":[],"statusEvents":[],"jsonLd":{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://registry.deploy.report/incidents/rigetti-nasdaq-delisting-notice-2024-09","url":"https://registry.deploy.report/incidents/rigetti-nasdaq-delisting-notice-2024-09","headline":"Rigetti faces Nasdaq delisting notice for stock price below $1 threshold","description":"Rigetti Computing received a Nasdaq delisting notice on September 16, 2024, after its common stock fell below the required $1 minimum bid price. This was the company's second delisting threat, the first occurring in late 2022/early 2023. Nasdaq provided a 180-day cure period until March 17, 2025 to regain compliance.","identifier":"523dfb35-2d0a-4880-8adc-43562a94a9bb","datePublished":"2024-09-16T00:00:00.000Z","articleSection":"regulatory action","publisher":{"@id":"https://deploy.report/#organization"},"author":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":3,"primary_source_types":["primary-company-ir","primary-sec-filing"]}}}