Director-linked entity trims Arqit Quantum (ARQQ) warrant holdings
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. On May 21 and May 22, the entity sold a total of 1,788 warrants at prices of $2.10 and $1.90 per warrant.
After these transactions, the reporting person continues to beneficially own 557,584 Business Combination Warrants, which the footnote states are equivalent to 22,303.36 ordinary shares on a post-reverse stock split basis. Each warrant has an exercise price of $11.50 and can be exercised until September 3, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
Sold
1,788 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 1,001 | $1.90 | $2K |
| Sale | Business Combination Warrants (right to buy) | 787 | $2.10 | $2K |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 45,608.16 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 557,584 Business Combination Warrants, which, if exercised in full, would be equivalent to 22,303.36 ARQQ ordinary shares on a post-reverse stock split basis.
Key Figures
Warrants sold May 22: 1,001 warrants at $1.90
Warrants sold May 21: 787 warrants at $2.10
Total warrants sold: 1,788 warrants
+5 more
8 metrics
Warrants sold May 22
1,001 warrants at $1.90
Open-market sale of Business Combination Warrants on May 22, 2026
Warrants sold May 21
787 warrants at $2.10
Open-market sale of Business Combination Warrants on May 21, 2026
Total warrants sold
1,788 warrants
Net sell transactions reported in this Form 4
Warrants remaining
557,584 warrants
Beneficially owned after transactions, per footnote
Share equivalent
22,303.36 shares
Ordinary share equivalent of 557,584 warrants post-reverse split
Warrant exercise price
$11.50 per warrant
Exercise price for Business Combination Warrants
Exercise ratio
0.04 share per warrant
Post-reverse split entitlement per Business Combination Warrant
Warrant expiration
September 3, 2026
Expiration date of the Business Combination Warrants
Key Terms
Business Combination Warrants, reverse stock split, exercise price, ordinary shares
4 terms
Business Combination Warrants financial
"The reporting person beneficially owns 557,584 Business Combination Warrants, which, if exercised in full..."
reverse stock split financial
"announced the implementation of a reverse stock split whereby every 25 outstanding ARQQ ordinary shares..."
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 and can be exercised at any time..."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did the Arqit Quantum Inc. (ARQQ) Form 4 insider sell?
The Form 4 shows indirect open-market sales of Business Combination Warrants beneficially owned through Heritage Assets SCSp. These derivative securities give the holder the right to buy Arqit ordinary shares under specified terms, including a fixed exercise price and expiration date.
How many Arqit Quantum (ARQQ) warrants were sold and at what prices?
Two indirect open-market sales occurred, totaling 1,788 Business Combination Warrants. On May 21, 787 warrants sold at $2.10 each, and on May 22, 1,001 warrants sold at $1.90 each, according to the reported transaction details in the filing.
How many Arqit Quantum (ARQQ) warrants does the insider still beneficially own?
The footnote states the reporting person beneficially owns 557,584 Business Combination Warrants. On a post-reverse stock split basis, this position would be equivalent to 22,303.36 Arqit ordinary shares if all warrants were exercised in full under the stated terms.
What are the key terms of Arqit Quantum (ARQQ) Business Combination Warrants?
Each Business Combination Warrant has an exercise price of $11.50 and can be exercised to purchase 0.04 of an Arqit ordinary share post-reverse split. Holders must exercise at least 25 warrants to receive one whole ordinary share, per the disclosed footnote.
How did Arqit Quantum’s reverse stock split affect its warrants?
Arqit implemented a reverse stock split where every 25 ordinary shares became one share. Following this, each Business Combination Warrant entitles the holder to 0.04 of an ordinary share, requiring 25 warrants to receive one whole share at a total exercise price of $287.50.
When do the reported Arqit Quantum (ARQQ) Business Combination Warrants expire?
The transactions involve Business Combination Warrants with an expiration date of September 3, 2026. Until that date, warrant holders may elect to exercise under the stated terms, including the $11.50 exercise price and minimum quantity required for a whole ordinary share.