Arqit director entity sells 430 warrants
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through indirect holdings in Heritage Assets SCSp, reported open-market sales of Arqit Business Combination Warrants.
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Rhea-AI Filing Summary
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through indirect holdings in Heritage Assets SCSp, reported open-market sales of Arqit Business Combination Warrants. The entity sold 317 warrants on June 26, 2026 at $1.20 each and 113 warrants on June 29, 2026 at $1.50 each, totaling 430 warrants.
According to the footnote, the reporting person beneficially owns 374,669 Business Combination Warrants, which, if exercised in full, would be equivalent to 14,986.76 Arqit ordinary shares on a post-reverse stock split basis.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 113 | $1.50 | $169.50 |
| Sale | Business Combination Warrants (right to buy) | 317 | $1.20 | $380.40 |
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 374,669 Business Combination Warrants, which, if exercised in full, would be equivalent to 14,986.76 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
open-market sale financial
derivative securities financial
FAQ
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What insider transactions did Arqit Quantum (ARQQ) report in this Form 4?
Who carried out the Arqit Quantum (ARQQ) warrant sales disclosed here?
At what prices were Arqit Quantum (ARQQ) Business Combination Warrants sold?
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What reverse stock split affected Arqit Quantum (ARQQ) warrant terms?
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