New York, Washington, D.C.– Global law firm Hogan Lovells Cadwalader has advised Rigetti Computing, Inc., a pioneer in full-stack quantum-classical computing, in connection with a definitive agreement with the U.S. Department of Commerce for an award of up to $100 million in funding under the U.S. CHIPS and Science Act to accelerate superconducting quantum computing research and development, and a non-controlling minority equity stake in Rigetti as a condition for receiving the funds to enhance the return for the U.S. taxpayer.
Under the definitive agreement, Rigetti will pursue three R&D projects that aim to address major technical bottlenecks in scaling superconducting quantum computing.
More about the transaction can be found here.
The Hogan Lovells Cadwalader team was led by partner Rupa Briggs (Securities and Public Company Advisory, New York), with key contributions by partners Brian O’Fahey (Securities and Public Company Advisory, Washington, D.C.), Stacy Hadeka (Government Contracts, Washington, D.C.) and Peter Cohen-Millstein (Mergers and Acquisitions, New York). Associates Taylor Hillman and Kayvon Stohler-Paul provided support.
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