Arqit Quantum (NASDAQ: ARQQ) director-affiliated entity sells 188 Business Combination Warrants
Rhea-AI Filing Summary
Arqit Quantum Inc. director-linked entity sells a small number of warrants. An entity associated with director Lefebvre d'Ovidio Manfredi, Heritage Assets SCSp, sold a total of 188 Business Combination Warrants in open-market transactions, including 116 warrants at $1.60 and 72 warrants at $1.90 per warrant.
The reporting person beneficially owns 602,306 Business Combination Warrants, which, if fully exercised at an exercise price of $11.50 per warrant, would be equivalent to 24,092.24 Arqit ordinary shares on a post-reverse split basis. Each warrant entitles the holder to purchase 0.04 of an ordinary share, and holders must exercise 25 warrants to receive one whole share.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
Sold
188 shs ($322.40)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 72 | $1.90 | $136.80 |
| Sale | Business Combination Warrants (right to buy) | 116 | $1.60 | $185.60 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 24,092.24 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 602,306 Business Combination Warrants, which, if exercised in full, would be equivalent to 24,092.24 ARQQ ordinary shares on a post-reverse stock split basis.
Key Figures
Warrants sold at $1.60: 116 Business Combination Warrants
Warrants sold at $1.90: 72 Business Combination Warrants
Total warrants sold: 188 Business Combination Warrants
+5 more
8 metrics
Warrants sold at $1.60
116 Business Combination Warrants
Open-market sale at $1.60 per warrant on 2026-05-19
Warrants sold at $1.90
72 Business Combination Warrants
Open-market sale at $1.90 per warrant on 2026-05-20
Total warrants sold
188 Business Combination Warrants
Net-sell transactions reported in this Form 4
Warrants beneficially owned
602,306 Business Combination Warrants
Beneficially owned through Heritage Assets SCSp
Share equivalent of warrants
24,092.24 ordinary shares
Equivalent if all 602,306 warrants are exercised
Warrant exercise price
$11.50 per warrant
Exercise price for each Business Combination Warrant
Reverse split ratio
25-to-1 reverse stock split
Every 25 ordinary shares consolidated into one share
Warrants per whole share
25 warrants per share
Number of warrants required to receive one whole share
Key Terms
Business Combination Warrants, reverse stock split, beneficially owns, exercise price, +1 more
5 terms
Business Combination Warrants financial
"The reporting person beneficially owns 602,306 Business Combination Warrants, which, if exercised in full..."
reverse stock split financial
"announced the implementation of a reverse stock split whereby every 25 outstanding ARQQ ordinary shares..."
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 602,306 Business Combination Warrants, which, if exercised in full..."
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 and can be exercised at any time..."
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.
indirect ownership financial
"Beneficially owned through Heritage Assets SCSp appears as the nature of ownership for these warrants..."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Arqit Quantum Inc. (ARQQ) report in this Form 4?
The filing reports two open-market sales of Business Combination Warrants totaling 188 warrants. These included 116 warrants sold at $1.60 each and 72 warrants sold at $1.90 each, all indirectly held through Heritage Assets SCSp linked to director Lefebvre d'Ovidio Manfredi.
Who is the reporting person in the Arqit Quantum Inc. (ARQQ) Form 4 filing?
The reporting person is director Lefebvre d'Ovidio Manfredi. The transactions involve warrants beneficially owned indirectly through Heritage Assets SCSp, meaning the holdings are attributed to an affiliated entity rather than being held directly in the director's personal name.
What type of security did Arqit Quantum Inc. (ARQQ) insider trade in this Form 4?
The transactions involve Business Combination Warrants, which are derivative securities giving the right to buy Arqit ordinary shares. Each warrant can be exercised at $11.50 to purchase 0.04 of an ordinary share on a post-reverse stock split basis.
How many Arqit Quantum Inc. (ARQQ) warrants does the reporting person still beneficially own?
The reporting person beneficially owns 602,306 Business Combination Warrants. If all these warrants were exercised at the stated terms, they would be equivalent to 24,092.24 Arqit ordinary shares on a post-reverse stock split basis according to the disclosure.
How did Arqit Quantum Inc. (ARQQ)’s reverse stock split affect its warrants?
Arqit implemented a 25-for-1 reverse stock split of its ordinary shares. Following this change, each Business Combination Warrant now entitles the holder to purchase 0.04 of one ordinary share, requiring 25 warrants to receive one whole share at an aggregate exercise price of $287.50.
What were the prices of the Arqit Quantum Inc. (ARQQ) warrant sales reported in the Form 4?
The reported open-market warrant sales occurred at two prices. One transaction involved 116 Business Combination Warrants sold at $1.60 per warrant, and the other involved 72 warrants sold at $1.90 per warrant, as disclosed in the filing’s transaction details.