Arqit director entity sells ARQQ warrants
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through Heritage Assets SCSp, reported small open-market sales of Business Combination Warrants.
Rhea-AI Filing Summary
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through Heritage Assets SCSp, reported small open-market sales of Business Combination Warrants. The entity sold 132 warrants on June 2, 2026 and 106 warrants on June 1, 2026, both at $1.60 per warrant. The footnote states the reporting person beneficially owns 534,634 such warrants in total, which, if fully exercised at an exercise price of $11.50 each for 0.04 of an ordinary share per warrant, would equal 21,385.36 ordinary shares on a post–reverse stock split basis. The warrants relate to Arqit’s 25‑for‑1 reverse stock split and are exercisable until September 3, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 238 shares
Net Sell
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
Sold
238 shs ($380.80)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 132 | $1.60 | $211.20 |
| Sale | Business Combination Warrants (right to buy) | 106 | $1.60 | $169.60 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 21,385.36 contracts (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 534,634 Business Combination Warrants, which, if exercised in full, would be equivalent to 21,385.36 ARQQ ordinary shares on a post-reverse stock split basis.
Key Figures
Warrants sold June 2, 2026: 132 warrants at $1.60
Warrants sold June 1, 2026: 106 warrants at $1.60
Total warrants beneficially owned: 534,634 warrants
+5 more
8 metrics
Warrants sold June 2, 2026
132 warrants at $1.60
Open-market sale via Heritage Assets SCSp
Warrants sold June 1, 2026
106 warrants at $1.60
Open-market sale via Heritage Assets SCSp
Total warrants beneficially owned
534,634 warrants
Equivalent to 21,385.36 ordinary shares if fully exercised
Underlying share equivalent
21,385.36 ordinary shares
Post–reverse stock split basis if all warrants exercised
Warrant exercise price
$11.50 per warrant
Exercise price for Business Combination Warrants
Warrant share ratio
0.04 share per warrant
Post–reverse stock split conversion ratio
Reverse stock split ratio
25-for-1
Every 25 shares consolidated into one ordinary share
Warrant expiration date
September 3, 2026
Business Combination Warrants exercisable until this date
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"
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.
beneficially owns financial
"The reporting person beneficially owns 534,634 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Arqit Quantum (ARQQ) report in this Form 4?
The filing reports two small open-market sales of Business Combination Warrants linked to Arqit Quantum Inc. A total of 238 warrants were sold across two days at $1.60 per warrant by an entity associated with director Lefebvre d'Ovidio Manfredi.
Who conducted the warrant sales reported for Arqit Quantum (ARQQ)?
The sales are attributed to Heritage Assets SCSp, an entity through which director Lefebvre d'Ovidio Manfredi beneficially owns Arqit Business Combination Warrants. The Form 4 shows the ownership as indirect, reflecting that the warrants are held via this related investment vehicle.
How many Arqit (ARQQ) Business Combination Warrants were sold and at what price?
Heritage Assets SCSp sold 132 Business Combination Warrants on June 2, 2026 and 106 on June 1, 2026. Each transaction was executed at a price of $1.60 per warrant in open-market or private transactions, according to the Form 4 disclosure.
How many Arqit (ARQQ) warrants does the reporting person still beneficially own?
The footnote states the reporting person beneficially owns 534,634 Business Combination Warrants after the reported transactions. If all were exercised under current terms, they would be equivalent to 21,385.36 Arqit ordinary shares on a post–reverse stock split basis.
What are the key terms of Arqit (ARQQ) Business Combination Warrants in this filing?
Each Business Combination Warrant has an exercise price of $11.50 and entitles the holder to purchase 0.04 of an Arqit ordinary share. Warrants cannot be exercised for fractional shares and are exercisable until September 3, 2026 on a post–reverse stock split basis.
How did Arqit’s reverse stock split affect these Business Combination Warrants?
Arqit implemented a 25‑for‑1 reverse stock split of its ordinary shares. Following this, each Business Combination Warrant became exercisable for 0.04 of a post-split share, requiring at least 25 warrants to receive one whole ordinary share at an aggregate $287.50 exercise price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
