11/05/2024 | Press release | Distributed by Public on 11/05/2024 05:01
Item 8.01 | Other Events. |
As previously disclosed, on September 16, 2024, Rigetti Computing, Inc. (the "Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market, LLC ("Nasdaq") indicating that, based on the closing bid price for the previous 31 consecutive business days, the listing of the Company's common stock was not in compliance with Nasdaq Listing Rule 5550(a)(2) to maintain a minimum bid price of $1.00 per share (the "Bid Price Rule"). Under Nasdaq Listing Rule 5810(c)(3)(A), the Company had a period of 180 calendar days, or until March 17, 2025, to regain compliance.
On November 4, 2024, the Company received notification from Nasdaq confirming that for the period from October 18, 2024 to November 1, 2024 the closing bid price of the Company's common stock had been at $1.00 or greater and that accordingly, the Company has regained compliance with the Bid Price Rule and the matter is now closed.