Rigetti Computing, Inc. (NASDAQ:RGTI) shares are moving higher after the company completed a $100 million at-the-market equity offering.
The Details: The funds generated from this offering will be used for working capital, capital expenditures and general corporate purposes. This includes focusing on strengthening its leadership in superconducting quantum computing, improving the fidelity of its quantum operations and developing systems with higher qubit counts for enhanced computational power.
"We are pleased to see the enthusiasm for the quantum computing sector and our company. We are seeing a great deal of interest from national labs and academic institutions for on-premises quantum computers to pursue hands-on R&D. As the technology continues to improve and more quantum applications are developed we expect to see increasingly more interest from industry and the private sector," says Dr. Subodh Kulkarni, Rigetti CEO.
How To Buy Rigetti Shares
By now you're likely curious about how to participate in the market for Rigetti Computing – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
RGTI Price Action: At the time of writing, Rigetti shares are trading 62.6% higher at $2.83, according to data from Benzinga Pro.
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