Rigetti Computing (RGTI) has entered into securities purchase agreements with two institutional investors for the purchase and sale of

Rigetti Computing shares are moving higher after the company completed a $100 million at-the-market equity offering.

Shares of Rigetti Computing surged after the company said it had successfully completed a sale of $100 million in common stock via an "at-the-market" equity offering. Shares gained about 70% to $2.96, and earlier hit a new 52-week high at $2.98.

Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has entered into securities purchase agreements with two institutional investors for the purchase and sale of 50,