Entity linked to Arqit director sells 174 warrants
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through Heritage Assets SCSp, reported open‑market sales of Business Combination Warrants.
Rhea-AI Filing Summary
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through Heritage Assets SCSp, reported open‑market sales of Business Combination Warrants. Heritage Assets SCSp sold 156 warrants on June 5, 2026 at $1.40 per warrant and 18 warrants on June 8, 2026 at $1.50 per warrant, totaling 174 warrants.
Each warrant entitles the holder to buy 0.04 Arqit ordinary shares at an exercise price of $11.50 per share and expires on September 3, 2026. The reporting person beneficially owns 524,283 such warrants, equivalent to 20,971.32 ordinary shares on a post‑reverse‑split basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 174 shares
Net Sell
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
Sold
174 shs ($245.40)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 18 | $1.50 | $27.00 |
| Sale | Business Combination Warrants (right to buy) | 156 | $1.40 | $218.40 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 41,960.68 contracts (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 524,283 Business Combination Warrants, which, if exercised in full, would be equivalent to 20,971.32 ARQQ ordinary shares on a post-reverse stock split basis.
Key Figures
Warrants sold June 5, 2026: 156 warrants at $1.40
Warrants sold June 8, 2026: 18 warrants at $1.50
Total warrants sold: 174 Business Combination Warrants
+5 more
8 metrics
Warrants sold June 5, 2026
156 warrants at $1.40
Open-market sale by Heritage Assets SCSp
Warrants sold June 8, 2026
18 warrants at $1.50
Open-market sale by Heritage Assets SCSp
Total warrants sold
174 Business Combination Warrants
Net-sell across two transactions
Warrants beneficially owned
524,283 warrants
Equivalent to 20,971.32 ordinary shares if fully exercised
Underlying shares equivalent
20,971.32 ordinary shares
Post-reverse-split equivalent from 524,283 warrants
Reverse split ratio
25:1 share consolidation
Every 25 shares consolidated into one share
Warrant exercise price
$11.50 per ordinary share
Requires 25 warrants, $287.50 aggregate per share
Warrant expiration date
September 3, 2026
Expiry of Business Combination Warrants
Key Terms
Business Combination Warrants, reverse stock split, exercise price, beneficially owns, +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.
exercise price financial
"Each Business Combination Warrant has an exercise price of $11.50"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
beneficially owns financial
"The reporting person beneficially owns 524,283 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Arqit Quantum Inc. (ARQQ) report on this Form 4?
The filing reports that Heritage Assets SCSp, associated with director Lefebvre d'Ovidio Manfredi, sold 174 Business Combination Warrants in open‑market transactions, split between 156 warrants on June 5, 2026 and 18 warrants on June 8, 2026 at prices of $1.40–$1.50.
At what prices were the Arqit (ARQQ) Business Combination Warrants sold?
The warrants were sold in two trades: 156 warrants at $1.40 per warrant on June 5, 2026, and 18 warrants at $1.50 per warrant on June 8, 2026. Both transactions were reported as open‑market sales by Heritage Assets SCSp.
How many Arqit (ARQQ) Business Combination Warrants does the reporting person still beneficially own?
The reporting person beneficially owns 524,283 Business Combination Warrants following the transactions. According to the disclosure, if exercised in full, these warrants would be equivalent to 20,971.32 Arqit ordinary shares on a post‑reverse‑stock‑split basis, subject to the warrant terms.
What do Arqit (ARQQ) Business Combination Warrants allow the holder to purchase?
Each Business Combination Warrant allows the holder to purchase 0.04 of an Arqit ordinary share on a post‑reverse‑split basis. The exercise price is $11.50 per whole ordinary share, and warrants cannot be exercised for fractional shares under the disclosed terms.
When do the Arqit (ARQQ) Business Combination Warrants reported on this Form 4 expire?
The Business Combination Warrants described in the Form 4 expire on September 3, 2026. Until that expiration date, the holder may elect to exercise them under the stated terms, including the $11.50 exercise price and 0.04‑share per‑warrant structure after the reverse stock split.
How did Arqit’s reverse stock split affect its Business Combination Warrants?
Arqit implemented a reverse stock split consolidating every 25 ordinary shares into one share. After this, each Business Combination Warrant became exercisable for 0.04 of a post‑split ordinary share, requiring 25 warrants to receive one whole share at a $287.50 aggregate exercise price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
