Insider Temporary:
- Rigetti Computing has regained compliance with Nasdaq’s minimal share value requirement, confirmed on November 4, 2024, after its inventory maintained a closing bid of no less than $1.00 from October 18 to November 1.
- Nasdaq beforehand issued a compliance warning in September 2024 as Rigetti’s inventory value fell beneath $1, a recurring difficulty the corporate confronted earlier in 2023.
- Rigetti’s inventory will keep listed on Nasdaq, contingent on ongoing compliance.
PRESS RELEASE — Rigetti Computing, Inc. introduced at the moment in a launch that it has regained compliance with the Nasdaq Capital Market’s itemizing commonplace for minimal share value necessities beneath Nasdaq Itemizing Rule 5550(a)(2). Nasdaq confirmed this standing on November 4, 2024, after Rigetti’s widespread inventory maintained a closing bid value of no less than $1.00 for the interval from October 18, 2024, via November 1, 2024.
Rigetti had beforehand acquired a compliance warning from Nasdaq in September 2024 as a consequence of its inventory buying and selling beneath the $1 threshold. In accordance with Nasdaq guidelines, corporations should keep a minimal bid value to remain listed, a problem Rigetti has encountered earlier than. The corporate initially regained compliance in 2023 after comparable difficulties, however fluctuations in inventory worth led to a different warning this yr, with the value dipping as little as $0.69 in September 2024.
Rigetti’s widespread inventory will stay listed on the Nasdaq Capital Market, supplied it meets all ongoing itemizing requirements. For corporations inside the quantum computing sector, it’s necessary to exhibit dedication to monetary resilience to assist investor confidence.
