Warrants (Tables)

9 Months Ended

Oct. 31, 2021

Sep. 30, 2021

Class of Warrant or Right [Line Items]

Schedule Of Fair Value Of The Common Stock Warrant Liabilities Measured Using Black Scholes Approach

The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates for the warrants:

	September 30, 2021			Initial Measurement
Exercise price	$	11.50		$	11.50
Stock price	$	9.77		$	9.75
Volatility		13.8	%		16.0	%
Term (years)		5.35			5.33
Risk-free rate		1.02	%		0.94	%

Rigetti Holdings [Member]

Class of Warrant or Right [Line Items]

Schedule Of Common Stock Warrants

See below for the October 31, 2021 balance summary:

Schedule Of Fair Value Of The Common Stock Warrant Liabilities Measured Using Black Scholes Approach

The fair value of the common stock warrant liabilities presented above were measured using the Black Scholes model approach. Significant inputs into the respective models at October 31, 2021, are as follows:

Valuation Assumption	Common Stock Warrants
	October 31, 2021
Stock price	$4.44
Strike price	$0.21
Volatility (annual)	51.90%
Risk-free rate	1.30%
Estimated time to expiration (years)	10
Dividend yield	0.00%

Disclosure of impact of restatement on the balance sheet

	As of July 31, 2021 As Originally Reported			Correction of Immaterial Error			As of July 31, 2021 As Corrected
Consolidated Balance Sheet
Other Assets	$	164,341		$	555,977		$	720,318
Total Assets		53,575,458			555,977			54,131,435
Other Current Liabilities		19,959			184,000			203,959
Total Current Liabilities		4,404,060			184,000			4,588,060
Notes Payable, net		19,958,361			(2,038,948	)		17,919,413
Derivative warrant liabilities		—			2,690,574			2,690,574
Other Liabilities		369,274			157,033			526,307
Total Liabilities		24,731,695			992,659			25,724,354
Accumulated Deficit		(187,370,442	)		(436,682	)		(187,807,124	)
Total Stockholders’ deficit		(52,679,378	)		(436,682	)		(53,116,060	)
Total Preferred Stock		81,523,141			—			81,523,141
Total Liabilities, Pref Stock and Stockholder’s deficit		53,575,458			555,977			54,131,435

Disclosure of impact of restatement on the income statement

	As of July 31, 2021 As Originally Reported			Correction of Immaterial Error			As of July 31, 2021 As Corrected
Consolidated statement of operations
Interest income (expense), net	$	(704,309	)	$	(436,682	)	$	(1,140,991	)
Net Loss		(18,480,610	)		(436,682	)		(18,917,292	)
Earnings per share	$	(0.85	)	$	(0.02	)	$	(0.87	)
Consolidated statement of Cashflows
Net Loss		(18,480,610	)		(436,682	)		(18,917,292	)
Amortization of debt issuance costs		—			436,682			436,682
Net Cash used in operating activities		(18,480,610	)		—			(18,480,610	)