Arqit director entity sells 1,114 warrants
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through affiliated entity Heritage Assets SCSp, reported open-market sales of a total of 1,114 Business Combination Warrants at about $1.20 each on June 24–25, 2026.
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Rhea-AI Filing Summary
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through affiliated entity Heritage Assets SCSp, reported open-market sales of a total of 1,114 Business Combination Warrants at about $1.20 each on June 24–25, 2026.
These derivative securities each give the right to purchase 0.04 Arqit ordinary share at an exercise price of $11.50, and at least 25 warrants must be exercised to receive one whole share. After these sales, the reporting person beneficially owns 385,402 warrants, equivalent to 15,416.08 ordinary shares on a post-reverse-split basis, indicating only a small portion of the warrant position was sold.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 455 | $1.20 | $546.00 |
| Sale | Business Combination Warrants (right to buy) | 659 | $1.20 | $790.80 |
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 385,402 Business Combination Warrants, which, if exercised in full, would be equivalent to 15,416.08 ARQQ ordinary shares on a post-reverse stock split basis.
Key Figures
Key Terms
Business Combination Warrants financial
reverse stock split financial
exercise price financial
Beneficially owned through Heritage Assets SCSp financial
FAQ
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