Arqit Quantum (NASDAQ: ARQQ) director reports sales of Business Combination Warrants
Rhea-AI Filing Summary
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi reported indirect open-market sales of Business Combination Warrants beneficially owned through Heritage Assets SCSp. The transactions covered 462 warrants in total, sold on two days at prices of $2.50 and $2.90 per warrant.
Each Business Combination Warrant has an exercise price of $11.50 and entitles the holder to purchase 0.04 of an Arqit ordinary share on a post-reverse stock split basis. After these sales, the reporting person beneficially owns 680,021 warrants, equivalent to 27,200.84 Arqit ordinary shares on a post-reverse stock split basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
Sold
462 shs ($1K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 421 | $2.50 | $1K |
| Sale | Business Combination Warrants (right to buy) | 41 | $2.90 | $118.90 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 54,823 shares (Indirect, Beneficially owned through Heritage Assets SCSp)
Footnotes (1)
- F1. On September 19, 2024, Arqit Quantum Inc. (ARQQ) announced the implementation of a reverse stock split whereby every 25 outstanding ARQQ ordinary shares were consolidated into one ordinary share, par value $0.0025 per share. Each Business Combination Warrant has an exercise price of $11.50 and can be exercised at any time, at the holder's election, to purchase 0.04 of an ARQQ ordinary share on a post-reverse stock split basis, and cannot be exercised for fractional shares. Accordingly, on a post-reverse stock split basis holders of Business Combination Warrants are required to exercise at least 25 Business Combination Warrants in order to receive one whole ARQQ ordinary share at an aggregate exercise price of $287.50 per whole ARQQ ordinary share. The reporting person beneficially owns 680,021 Business Combination Warrants, which, if exercised in full, would be equivalent to 27,200.84 ARQQ ordinary shares on a post-reverse stock split basis.
Key Figures
Warrants sold: 462 warrants
Sale prices: $2.50 and $2.90 per warrant
Exercise price: $11.50 per warrant
+5 more
8 metrics
Warrants sold
462 warrants
Open-market sales on April 27–28, 2026
Sale prices
$2.50 and $2.90 per warrant
Open-market sales of Business Combination Warrants
Exercise price
$11.50 per warrant
Each warrant’s exercise price for Arqit ordinary shares
Post-sale warrant holdings
680,021 warrants
Beneficially owned Business Combination Warrants
Ordinary share equivalent
27,200.84 shares
Equivalence if 680,021 warrants exercised post-reverse split
Reverse stock split ratio
25:1
Every 25 ordinary shares consolidated into one post-split share
Minimum warrants per whole share
25 warrants
Required to receive one whole ordinary share at exercise
Aggregate exercise price per whole share
$287.50
Total exercise price for one whole ordinary share
Key Terms
Business Combination Warrants, reverse stock split, beneficially owns, ordinary shares, +1 more
5 terms
Business Combination Warrants financial
"Each Business Combination Warrant has an exercise price of $11.50"
reverse stock split financial
"announced the implementation of a reverse stock split whereby every 25 outstanding"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
beneficially owns financial
"The reporting person beneficially owns 680,021 Business Combination Warrants"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
indirect ownership financial
"Beneficially owned through Heritage Assets SCSp"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Arqit Quantum Inc. (ARQQ) report in this Form 4?
Arqit Quantum Inc. reported that director Lefebvre d'Ovidio Manfredi indirectly sold 462 Business Combination Warrants in open-market transactions. These warrants are beneficially owned through Heritage Assets SCSp and relate to the right to buy Arqit ordinary shares on a post-reverse stock split basis.
At what prices were the Arqit (ARQQ) Business Combination Warrants sold?
The warrants were sold in two transactions at prices of $2.50 and $2.90 per warrant. Both transactions were coded as open-market or private sales, reflecting routine market trades rather than option exercises or tax-related dispositions.
How many Business Combination Warrants does the Arqit (ARQQ) insider still hold?
After these sales, the reporting person beneficially owns 680,021 Business Combination Warrants. According to the filing, if exercised in full, these warrants would be equivalent to 27,200.84 Arqit ordinary shares on a post-reverse stock split basis.
What are the key terms of Arqit (ARQQ) Business Combination Warrants mentioned in the Form 4?
Each Business Combination Warrant has a fixed exercise price of $11.50 and can be exercised to purchase 0.04 of an Arqit ordinary share post-reverse split. Warrants cannot be exercised for fractional shares, and at least 25 warrants are needed to receive one whole ordinary share.
How did Arqit Quantum’s reverse stock split affect its Business Combination Warrants?
Arqit implemented a reverse stock split where every 25 ordinary shares became one share. After this, each Business Combination Warrant entitles the holder to 0.04 of a post-split ordinary share, and 25 warrants are required to receive one whole ordinary share at a total exercise price of $287.50.
Are the Arqit (ARQQ) warrant sales direct or through another entity?
The reported warrant sales are indirect, beneficially owned through Heritage Assets SCSp. The Form 4 lists the ownership type as indirect and notes that the Business Combination Warrants are held through this entity associated with the reporting person.