Arqit Quantum (ARQQ) director sells warrants in June trades
Rhea-AI Filing Summary
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through Heritage Assets SCSp, reported small open-market sales of Business Combination Warrants. Heritage Assets SCSp sold 62 warrants at $1.50 each and 52 warrants at $1.40 each, for a total of 114 warrants.
According to the disclosure, the reporting person beneficially owns 521,451 Business Combination Warrants, which on a post-reverse split basis are equivalent to 20,858.04 ordinary shares. Each warrant has an exercise price of $11.50 and, after the 25-for-1 reverse stock split, 25 warrants are required to receive one whole ordinary share at an aggregate exercise price of $287.50 per share.
Positive
- None.
Negative
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
Sold
114 shs ($165.80)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 62 | $1.50 | $93.00 |
| Sale | Business Combination Warrants (right to buy) | 52 | $1.40 | $72.80 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 41,777.72 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 521,451 Business Combination Warrants, which, if exercised in full, would be equivalent to 20,858.04 ARQQ ordinary shares on a post-reverse stock split basis.
Key Figures
Warrants sold at $1.50: 62 Business Combination Warrants
Warrants sold at $1.40: 52 Business Combination Warrants
Total warrants sold: 114 Business Combination Warrants
+5 more
8 metrics
Warrants sold at $1.50
62 Business Combination Warrants
Open-market sale at $1.50 per warrant
Warrants sold at $1.40
52 Business Combination Warrants
Open-market sale at $1.40 per warrant
Total warrants sold
114 Business Combination Warrants
Net-sell across two derivative transactions
Warrants beneficially owned
521,451 Business Combination Warrants
Equivalent to 20,858.04 ordinary shares post-split
Share equivalent
20,858.04 ordinary shares
If all 521,451 warrants are exercised post-split
Warrant exercise price
$11.50 per warrant
Exercise price for Business Combination Warrants
Reverse split ratio
25-to-1
Every 25 ordinary shares consolidated into one
Aggregate exercise per share
$287.50 per ordinary share
25 warrants needed for one whole share post-split
Key Terms
Business Combination Warrants, reverse stock split, beneficially owns, exercise price, +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 521,451 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.
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.
indirect ownership financial
"Beneficially owned through Heritage Assets SCSp"
AI-generated analysis. How Rhea-AI works. Not financial advice.