Arqit Quantum director entity sells 240 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. The entity sold 124 warrants on June 4, 2026 and 116 warrants on June 3, 2026, both at $1.50 per warrant.
According to the footnote, the reporting person beneficially owns 528,634 Business Combination Warrants, each with an exercise price of $11.50 and exercisable into 0.04 ordinary share, equivalent to 21,145.36 ordinary shares on a post‑reverse‑split basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 124 | $1.50 | $186.00 |
| Sale | Business Combination Warrants (right to buy) | 116 | $1.50 | $174.00 |
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 528,634 Business Combination Warrants, which, if exercised in full, would be equivalent to 21,145.36 ARQQ ordinary shares on a post-reverse stock split basis.
Key Figures
Key Terms
Business Combination Warrants financial
reverse stock split financial
beneficially owns financial
exercise price financial
FAQ
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