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$Rigetti Computing (RGTI.US)$ On December 9, 2024, Rigetti Computing, Inc. fully paid and terminated its Loan and Security Agreement with Trinity Capital Inc. The company pre-paid approximately $10.5 million using cash on hand, which included the outstanding loan balance of $9.5 million, accrued interest, fees, end of term payments, and a prepayment fee. The payoff satisfied all of Rigetti's indebtedness under the agreement, effectively terminating the loan obligations. This move marks a significant financial decision for the company, potentially improving its debt position and financial flexibility. The Loan Agreement, originally dated March 10, 2021, and amended on June 21, 2024, involved Rigetti & Co., LLC, Rigetti Intermediate LLC, and Rigetti Computing, Inc. as borrowers. With this termination, only certain surviving obligations, such as indemnification, remain in effect as per the agreement's terms.
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