General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - Rigetti Computing, Inc - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net loss $ (10,470) $ (7,787)  
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 1,390 1,144  
Stock-based compensation 11,481 597  
Change in fair value of earn-out liability 9,634 0  
Change in fair value of derivative warrant liabilities (5,822) 0  
Change in fair value of forward contract—liabilities (2,970)    
Amortization of debt issuance cost 236    
Accretion of debt end of term liabilities 46    
Amortization of exit fee asset 47    
Changes in operating assets and liabilities:      
Accounts receivable 282 191  
Prepaid expenses and other current assets (3,054) 155  
Other assets (918) (1)  
Deferred revenue (466) (585)  
Accounts payable 1,482 259  
Accrued expenses and other current liabilities 2,606 334  
Other liabilities 43 (102)  
Net cash used in operating activities (15,721) (5,795)  
Cash Flows from Investing Activities:      
Purchases of property and equipment (2,836) (1,488)  
Net cash used in investing activities (2,836) (1,488)  
Cash Flows from Financing Activities:      
Proceeds from Business Combination, net of transaction costs paid 225,604    
Transaction costs paid directly by Rigetti (16,731)    
Payment on loan and security agreement exit fees (1,000)    
Proceeds from issuance of debt and warrants 5,000 12,000  
Payments on debt issuance costs (30)    
Proceeds from issuance of common stock upon exercise of common stock warrants 602 26  
Net cash provided by financing activities 213,445 12,026  
Effect of changes in exchange rate on cash and restricted cash 9 42  
Net change in cash 194,897 4,785  
Cash - beginning of the period 12,046 24,394 $ 24,394
Cash - end of the period 206,943 29,179 $ 12,046
Supplemental disclosure of cash flow information:      
Cash paid for interest 878 $ 81  
Supplemental disclosure of non-cash financing activity:      
Fair value of loan and security agreement warrant liability 2,691    
Fair value of earn-out liability 26,583    
Fair value of private placement warrants liability $ 22,487