UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On April 17, 2026 (“Effective Date”), Rigetti & Co, LLC. (“Subtenant”), a wholly-owned subsidiary of Rigetti Computing, Inc., entered into a Sublease Agreement (the “Sublease”) with Chinook Therapeutics, Inc. (the “Sublandlord”), pursuant to which Subtenant will lease approximately 12,543 rentable square feet of office and laboratory space located at 740 Heinz Avenue, Berkeley, California, 94710 (the “Premises”) from the Sublandlord. The Premises represent a portion of the approximately 112,088 rentable square feet Sublandlord has leased from Seventh Street Properties VII, LLC (“Master Landlord”), pursuant to that certain lease, dated as of September 11, 2015, as amended, between Master Landlord and Sublandlord (the “Master Lease”). The effectiveness of the Sublease is subject to the Master Landlord’s consent (the “Consent”). In the event the Consent is not obtained within sixty days following the Effective Date, either Sublandlord or Subtenant may terminate the Sublease.
The term of the Sublease will commence on the latest to occur of the following: (a) June 1, 2026, (b) receipt of the Consent, and (c) the Sublandlord’s delivery of possession of the Premises to Subtenant in the Delivery Condition (as defined in the Sublease) (the “Commencement Date”). The Sublease is scheduled to expire on November 30, 2029. The Subtenant’s obligation for the payment of base rent (“Monthly Base Sublease Rent”) for the Premises begins on the Commencement Date and initially will be $38,111.91 per month, increasing to $39,255.26 per month during the second year of the Sublease, $40,432.92 per month during the third year of the Sublease and $41,645.91 per month during the fourth year of the Sublease. In addition to base rent, the Subtenant is obligated under the Sublease to pay its proportionate share of taxes, insurance and operating expenses, which is equal to 11.19% of the amount therefor payable by Master Landlord pursuant to the Master Lease. Beginning on the Commencement Date and continuing on the first day of each month thereafter until the expiration of the Sublease, the Subtenant will pay, in advance, the Monthly Base Sublease Rent. The Subtenant is required to provide a security deposit to the Sublandlord on or before the delivery date of the Premises in the amount of $50,000. The Sublease contains customary events of default, representations, warranties and covenants.
The foregoing description of the terms of the Sublease does not purport to be complete and is qualified in its entirety by reference to the complete copy of such agreement, filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. |
Description | |
| 10.1#+ | Sublease, dated as of April 17, 2026, by and between Rigetti & Co, LLC and Chinook Therapeutics, Inc. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
# Certain portions of this exhibit have been redacted pursuant to Regulation S-K, Item 601(a)(6).
+ Certain of the schedules and attachments to this exhibit have been omitted pursuant to Regulation S-K, Item 601(a)(5). The registrant hereby undertakes to provide further information regarding such omitted materials to the SEC upon request.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: April 21, 2026 | RIGETTI COMPUTING, INC. | |
| By: | /s/ Jeffrey Bertelsen | |
| Jeffrey Bertelsen | ||
| Chief Financial Officer | ||