SCHEDULE: BlackRock Discloses 6.4% Stake in Rigetti Computing

BlackRock, Inc. has filed an amended Schedule 13G, revealing a 6.4% beneficial ownership stake in quantum computing firm Rigetti Computing, Inc.

Summary

• BlackRock, Inc. reported beneficial ownership of 20,690,454 shares of Rigetti Computing, Inc. common stock.
• This aggregate amount represents 6.4% of Rigetti Computing's outstanding common stock.
• BlackRock holds sole voting power over 20,208,368 shares and sole dispositive power over 20,690,454 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• Various BlackRock business units, including BlackRock Advisors, LLC and BlackRock Fund Advisors, contribute to this beneficial ownership, with at least one entity owning 5% or more of the outstanding shares.

Sentiment

Score: 6

Explanation: The filing itself is a factual disclosure of a significant passive ownership stake by a major institutional investor, which can be viewed as a neutral to slightly positive signal of institutional interest in the company.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This Schedule 13G filing indicates a significant passive investment by a major institutional asset manager, BlackRock, in Rigetti Computing, a company operating in the emerging quantum computing sector. Such filings are standard disclosures for large investors crossing specific ownership thresholds and typically reflect a long-term, passive investment strategy rather than an intent to influence company control.

Stakeholder Impact

• For shareholders, the disclosure of BlackRock's significant stake may be viewed as a positive signal, indicating a large, stable institutional investor holds a substantial position in the company.

Key Dates

Keywords

Rigetti Computing, BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Quantum Computing