Arqit Quantum (ARQQ) director-linked entity sells 240 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
2 transactions reported
Mixed
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
Sold
240 shs ($360.00)
| 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 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 21,145.36 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 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
Warrants sold on June 4, 2026: 124 warrants at $1.50
Warrants sold on June 3, 2026: 116 warrants at $1.50
Total warrants sold: 240 warrants
+5 more
8 metrics
Warrants sold on June 4, 2026
124 warrants at $1.50
Open-market sale by Heritage Assets SCSp
Warrants sold on June 3, 2026
116 warrants at $1.50
Open-market sale by Heritage Assets SCSp
Total warrants sold
240 warrants
Net-sell across two derivative transactions
Warrants beneficially owned
528,634 warrants
Equivalent to 21,145.36 ordinary shares post reverse split
Underlying ordinary shares
21,145.36 shares
If 528,634 warrants exercised in full
Reverse stock split ratio
25-for-1
Ordinary shares consolidated on September 19, 2024
Warrant exercise price
$11.50 per warrant
Exercise cost to acquire 0.04 ordinary share
Exercise cost per whole share
$287.50
25 warrants required for one whole ordinary share
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 and can be exercised at any time"
reverse stock split financial
"announced the implementation of a reverse stock split whereby every 25 outstanding ARQQ ordinary shares were consolidated"
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 528,634 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Arqit Quantum Inc. (ARQQ) report?
Arqit Quantum reported that Heritage Assets SCSp, linked to director Lefebvre d'Ovidio Manfredi, sold 240 Business Combination Warrants in open-market transactions. The sales occurred over two days at a reported price of $1.50 per warrant.
How many Arqit Quantum (ARQQ) warrants were sold and at what price?
The filing shows two sales totaling 240 Business Combination Warrants: 124 warrants on June 4, 2026 and 116 warrants on June 3, 2026. Both transactions were reported at a price of $1.50 per warrant in open-market trades.
Who executed the warrant sales reported for Arqit Quantum (ARQQ)?
The transactions are attributed to Heritage Assets SCSp, an entity through which director Lefebvre d'Ovidio Manfredi beneficially owns warrants. Ownership is reported as indirect, reflecting holdings through this vehicle rather than directly in the director’s own name.
What is the exercise term of Arqit Quantum (ARQQ) Business Combination Warrants?
Each Business Combination Warrant has an exercise price of $11.50 and entitles the holder to purchase 0.04 of an ordinary share. Warrants cannot be exercised for fractional shares, so at least 25 warrants are needed for one whole ordinary share.
How many Arqit Quantum (ARQQ) warrants does the insider still beneficially own?
The footnote states the reporting person beneficially owns 528,634 Business Combination Warrants. If exercised in full, these warrants would be equivalent to 21,145.36 Arqit Quantum ordinary shares on a post‑reverse‑stock‑split basis.
How did Arqit Quantum’s reverse stock split affect its warrants?
Arqit Quantum implemented a 25‑for‑1 reverse stock split of ordinary shares. After this, each Business Combination Warrant became exercisable for 0.04 of a post‑split ordinary share, requiring 25 warrants to acquire one whole ordinary share at a total exercise price of $287.50.