Rigetti Computing, Inc. 10-K

Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters, and Issuer Purchases of Equity Securities Market Information Our Units, Class A ordinary shares and warrants are each traded on the NYSE under the symbols “SNII.U,” “SNII” and “SNII WS,” respectively. Our Units commenced public trading on March 1, 2021, and our Class A ordinary shares and warrants commenced public trading separately on April 22, 2021. Holders On February 2, 2022, there were 1 holder of record of our units, 1 holder of record of our Class A ordinary shares, 7 holders of record of our Class B ordinary shares and 1 holders of record of our warrants. Dividends We have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to completion of our initial business combination. The payment of any cash dividends subsequent to our initial business combination will be within the discretion of our Board of Directors at such time. In addition, our Board of Directors is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future. Further, if we incur any indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith. Securities Authorized for Issuance Under Equity Compensation Plans. None. Recent Sales of Unregistered Securities See Item 5(g). Purchases of Equity Securities by the Issuer and Affiliated Purchasers None. 23 Use of Proceeds from the Initial Public Offering On March 4, 2021, Supernova consummated its initial public offering of 34,500,000 units. Each Unit consists of one Class A ordinary share, par value $0.0001 per share of the Company and one-fourth of one redeemable warrant of the Company, with each whole Warrant entitling the holder thereof to purchase one whole Class A ordinary share for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $345,000,000. Simultaneously with the consummation of the IPO on March 4, 2021, the Company completed the private sale of 4,450,000 warrants at a purchase price of $2.00 per private placement warrant, to the Company’s sponsor generating gross proceeds to the Company of $8,900,000. Approximately $345 million of the net proceeds from the IPO and the sale of the per private placement warrants to the Sponsor have been deposited in a trust account maintained by American Stock Transfer & Trust Company, acting as trustee, established for the benefit of the Company’s public shareholders. An audited balance sheet as of March 4, 2021 reflecting receipt of the net proceeds from the IPO and the net proceeds from the IPO and the private placement was filed on a Current Report on Form 8-K on March 10, 2021. Item 6. Selected Financial Data Not required for smaller reporting companies.