Heritage Assets SCSp tied to Arqit (ARQQ) trims 484 warrant holdings
Rhea-AI Filing Summary
Arqit Quantum Inc. director-associated entity Heritage Assets SCSp reported open-market sales of Business Combination Warrants linked to the company’s ordinary shares. On April 22, 2026, it sold 381 warrants at $3.10 each, and on April 21, 2026, it sold 103 warrants at $2.80 each.
Each Business Combination Warrant has an exercise price of $11.50 and, after a 1-for-25 reverse stock split, entitles the holder to purchase 0.04 of an Arqit ordinary share. Holders must exercise 25 warrants to receive one whole share at an aggregate exercise price of $287.50. The reporting person beneficially owns 701,270 warrants, equivalent to 28,050.8 ordinary shares on a post-split basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
Sold
484 shs ($1K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 381 | $3.10 | $1K |
| Sale | Business Combination Warrants (right to buy) | 103 | $2.80 | $288.40 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 56,483 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 701,270 Business Combination Warrants, which, if exercised in full, would be equivalent to 28,050.8 ARQQ ordinary shares on a post-reverse stock split basis.
Key Figures
Warrants sold 22 Apr 2026: 381 warrants at $3.10
Warrants sold 21 Apr 2026: 103 warrants at $2.80
Total warrants sold: 484 warrants
+5 more
8 metrics
Warrants sold 22 Apr 2026
381 warrants at $3.10
Open-market sale of Business Combination Warrants
Warrants sold 21 Apr 2026
103 warrants at $2.80
Open-market sale of Business Combination Warrants
Total warrants sold
484 warrants
Net-sell across two derivative transactions
Exercise price per warrant
$11.50 per warrant
Business Combination Warrant exercise price
Share equivalent per warrant
0.04 ordinary share
Post-reverse-split entitlement per warrant
Warrants for one share
25 warrants per share
Required to receive one whole ordinary share
Aggregate exercise per share
$287.50 per ordinary share
25 warrants multiplied by $11.50 exercise price
Warrants beneficially owned
701,270 warrants
Equivalent to 28,050.8 ordinary shares post split
Key Terms
Business Combination Warrants, reverse stock split, exercise price, ordinary shares, +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 701,270 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Arqit Quantum Inc. (ARQQ) report on this Form 4?
The filing reports two open-market sales of Arqit Business Combination Warrants. Heritage Assets SCSp sold 381 warrants at $3.10 on April 22, 2026 and 103 warrants at $2.80 on April 21, 2026, all indirectly attributed to director Lefebvre d'Ovidio Manfredi.
How many Arqit (ARQQ) Business Combination Warrants were sold in total?
In total, 484 Business Combination Warrants were sold across the two transactions. One sale covered 381 warrants at $3.10 per warrant and the other covered 103 warrants at $2.80 per warrant, both executed in open-market or private sale transactions.
Who is the actual holder of the Arqit (ARQQ) warrants in this Form 4?
The warrants are beneficially owned through Heritage Assets SCSp, an entity associated with director Lefebvre d'Ovidio Manfredi. The ownership is indirect, as indicated by the Form 4’s nature-of-ownership entry, which specifies beneficial ownership through Heritage Assets SCSp rather than direct personal holding.
What does each Arqit (ARQQ) Business Combination Warrant entitle the holder to receive?
Each Business Combination Warrant has a $11.50 exercise price and entitles the holder to purchase 0.04 of an Arqit ordinary share on a post-reverse-split basis. Because fractional shares are not issued, holders must exercise enough warrants to obtain whole ordinary shares.
How did Arqit’s reverse stock split affect the Business Combination Warrants?
Arqit implemented a reverse stock split where every 25 ordinary shares became one share. After this, each Business Combination Warrant still has an $11.50 exercise price but now represents 0.04 of a post-split ordinary share. Warrants cannot be exercised for fractional ordinary shares.
How many Arqit (ARQQ) warrants does the reporting person still beneficially own?
The reporting person beneficially owns 701,270 Business Combination Warrants after the transactions. If fully exercised, these warrants would be equivalent to 28,050.8 Arqit ordinary shares on a post-reverse-split basis, based on each warrant representing 0.04 of one ordinary share.