Supernova Partners Acquisition Company II (SNII) to Combine with Rigetti Computing

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Supernova Partners Acquisition Company II (SNII) to Combine with Rigetti Computing

Supernova II (NYSE:SNII) has entered into a definitive agreement to combine with quantum computing firm Rigetti at an enterprise value of $1.15 billion, or 3x its 2026E EBITDA. Berkeley, California-based Rigetti Computing has developed scalable quantum computing chips and is working to deploy its machines in collaboration with several government and research institutions. The combined
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