Quantum computing company Rigetti has raised $100 million through the sale of common stock, as part of its “at-the-market” equity offering program that began in March. The funds will be used for working capital, capital expenditures, and other general corporate purposes. The company has a current market cap of around $525m.

In conclusion, Rigetti Computing is clearly on an upward trajectory. With groundbreaking technology, substantial financial backing, and positive analyst sentiment, the company is primed to continue leading the quantum computing revolution. The stock’s performance today is just a snapshot of what’s to come as Rigetti builds on its momentum.

B. Riley raised the firm’s price target on Rigetti Computing (RGTI) to $4 from $3.50 and keeps a Buy rating on the shares. The firm sees

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,