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UNAUDITED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2021
Oct. 31, 2021
Sep. 30, 2021
Oct. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
Operating expenses:              
General and administrative expenses $ 14,291 $ 570,395   $ 1,195,288      
Loss from operations   (570,395)   (1,195,288)      
Other income (expense)              
Change in fair value of derivative warrant liabilities   (5,230,000) $ (1,500,000) 2,745,750      
Offering costs associated with derivative warrant liabilities       (502,450)      
Income from investments held in Trust Account   5,210   11,949      
Net income (loss) $ (14,691) $ 4,664,815   $ 1,059,961      
Weighted average shares outstanding, basic and diluted [1],[2] 7,500,000            
Basic and diluted net income (loss) per share $ 0.00            
Class A Ordinary Shares              
Other income (expense)              
Weighted average shares outstanding, basic and diluted   34,500,000   34,500,000      
Basic and diluted net income (loss) per share   $ 0.11   $ 0.02      
Weighted average number of ordinary shares, basic   34,500,000   34,500,000      
Weighted average number of ordinary shares, diluted   34,500,000   34,500,000      
Class B Ordinary Shares              
Other income (expense)              
Basic and diluted net income (loss) per share   $ 0.11   $ 0.02      
Weighted average number of ordinary shares, basic   8,625,000   8,369,505      
Weighted average number of ordinary shares, diluted   8,625,000   8,625,000      
Rigetti Holdings, Inc.              
Revenue:     6,939,981   $ 4,124,163 $ 5,542,598 $ 735,482
Cost of revenue     1,095,607   1,156,115 1,491,610 288,162
Total gross profit     5,844,374   2,968,048 4,050,988 447,320
Operating expenses:              
Research and development expense     21,240,411   18,575,882 24,099,335 29,445,636
General and administrative expenses     8,841,277   9,501,237 13,157,735 16,162,047
Sales and marketing     1,951,398   1,755,189 1,885,565 2,541,596
Total operating expenses     32,033,086   29,832,308 39,142,635 48,149,279
Loss from operations     (26,188,712)   (26,864,260) (35,091,647) (47,701,959)
Other income (expense)              
Interest Income (expense), net     (1,772,651)   5,023 8,488 (670,848)
Other income (expense)     6,582   50,359 42,131 130,000
Gain on extinguishment of debt         8,913,532 8,913,532  
Change in fair value of derivative warrant liabilities     (1,552,546)        
Change in fair value of convertible notes             (5,191,117)
Change in fair value of simple agreement for future equity             (382,397)
Total Other Income (Expense), net     (3,318,615)   8,968,914 8,964,151 (6,114,362)
Net loss before provision for income taxes     (29,507,327)   (17,895,346)    
Provision for income taxes            
Net income (loss)     $ (29,507,327)   $ (17,895,346) $ (26,127,496) $ (53,816,321)
Weighted average shares outstanding, basic and diluted     22,067,245   20,636,737 20,719,085 7,495,071
Basic and diluted net income (loss) per share     $ (1.34)   $ (0.87) $ (1.26) $ (7.18)
Rigetti Holdings, Inc. | Class A Ordinary Shares              
Other income (expense)              
Weighted average number of ordinary shares, basic     22,067,245   20,636,737    
[1] Shares and the associated amounts have been retroactively restated to reflect: (i) the share dividend of Class B ordinary shares on January 14, 2021, resulting in an aggregate of 7,187,500 Class B ordinary shares outstanding on January 14, 2021; and (ii) the share dividend of Class B ordinary shares on March 1, 2021, resulting in 8,625,000 Class B ordinary shares outstanding. All shares and associated amounts have been retroactively restated to reflect the share dividends (Notes 4 and 7).
[2] This number excludes up to 1,125,000 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. (Note 4.)