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ARQQ to settle federal class action for $7M, pending approval

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Arqit Quantum (ARQQ) executed a term sheet to settle a previously disclosed U.S. federal putative class action for $7 million, pending approval by the United States District Court for the Eastern District of New York.

If the Court approves the settlement, the company will seek dismissal of a related putative class action in New York State Court, which is currently stayed because it falls within the settlement classes of the federal case. The report also states that this information is incorporated by reference into Arqit’s effective registration statements on Form S-8 and Form F-3.

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Insights

$7M settlement term sheet could resolve federal case, pending approval.

Arqit Quantum has signed a term sheet to settle the federal putative class action for $7,000,000, subject to Court approval. This indicates a negotiated resolution path without admitting or detailing claims in this excerpt.

If approved, Arqit plans to seek dismissal of the related New York State Court action, which is stayed and within the federal settlement classes. This ties the outcome of the state case to the federal court’s approval, consolidating resolution.

Financial impact centers on the $7 million settlement amount; timing and payment mechanics are not detailed here. Subsequent filings may provide the approval status and any related cash flow timing.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2025

 

Commission File Number: 001-40777

 

ARQIT QUANTUM INC.

(Exact name of registrant as specified in its charter)

 

1st Floor, 3 Orchard Place

London, SW1H 0BF United Kingdom

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F x Form 40-F ¨

 

 

 

 

 

 

EXPLANATORY NOTE

 

On October 20, 2025, Arqit Quantum Inc. (the “Company”) and counsel for the plaintiffs in the previously disclosed putative class action lawsuit filed against the Company and certain of the Company’s directors in the United States District Court for the Eastern District of New York (the “Court”) (Case No. 1:22-cv-02604) (the “Federal Action”) executed a term sheet that will settle the Federal Action for $7 million, pending documentation of the settlement and approval by the Court.

 

Assuming Court approval of the settlement, the Company will seek dismissal of the previously disclosed putative class action lawsuit that was filed against the Company and certain of its directors in the Supreme Court of the State of New York (the “State Court”) (Index No. 153555/2023) (the “State Court Action”), which has been stayed per order of the State Court pending final adjudication of the Federal Action because the State Court Action falls entirely within the settlement classes of the Federal Action.

 

Other than as indicated below, the information in this Report of Foreign Private Issuer on Form 6-K (including the exhibits hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. The information furnished in this Report of Foreign Private Issuer on Form 6-K is hereby incorporated by reference into the Company’s registration statements on Form S-8 (File Nos. 333-262215, 333-275960 and 333-284706) and Form F-3 (File Nos. 333-268786, 333-259982, 333-284343 and 333-289939), and shall be a part thereof, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

 

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, thereunto duly authorized.

 

ARQIT QUANTUM INC.  
   
By: /s/ Andrew Leaver  
Name: Andrew Leaver  
Title: Chief Executive Officer  

 

Date: October 21, 2025

 

 

FAQ

What did ARQQ announce regarding its class action litigation?

Arqit Quantum executed a term sheet to settle a federal putative class action for $7 million, pending Court approval.

Which court is handling the federal case involving ARQQ?

The United States District Court for the Eastern District of New York is handling the federal action (Case No. 1:22-cv-02604).

What happens to the ARQQ state court action if the settlement is approved?

If approved, the company will seek dismissal of the New York State Court action (Index No. 153555/2023), which is currently stayed.

Is the $7 million ARQQ settlement final?

No. It is a term sheet that will settle the federal action for $7 million, pending documentation and Court approval.

Which ARQQ registration statements incorporate this information by reference?

It is incorporated into Forms S-8 (File Nos. 333-262215, 333-275960, 333-284706) and F-3 (File Nos. 333-268786, 333-259982, 333-284343, 333-289939).
Arqit Quantum Inc

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