Summary by Futu AI
Rigetti Computing, Inc. (Rigetti) has announced several key proposals for its upcoming Annual Meeting of Stockholders to be held virtually on June 18, 2024. The company is seeking stockholder approval for a reverse stock split at a ratio of 1-for-10 to potentially increase the per-share market price and support compliance with Nasdaq's minimum bid price requirement. Additionally, stockholders will vote on the ratification of BDO USA, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2024. The board also proposes the adjournment of the Annual Meeting if necessary to solicit additional proxies for Proposal 2. The company has entered into indemnification agreements with its directors and executive officers and has adopted a related person transactions policy. The board has amended its non-employee director compensation policy, reducing cash compensation and adjusting equity awards. The company's equity compensation plans are detailed, including the number of securities to be issued upon exercise of outstanding options and the number of securities remaining available for future issuance.