Arqit-linked entity sells 1,528 business warrants
Arqit Quantum Inc. director-associated entity reports small warrant sales.
Rhea-AI Filing Summary
Arqit Quantum Inc. director-associated entity reports small warrant sales. Heritage Assets SCSp, through which director Lefebvre d'Ovidio Manfredi beneficially owns warrants, sold 1,528 Business Combination Warrants in open-market transactions on June 11, 2026 and June 12, 2026 at prices of $1.50 and $1.20 per warrant.
Following these sales, the holder beneficially owns 483,262 Business Combination Warrants, equivalent to 19,330.48 Arqit ordinary shares on a post-reverse stock split basis. Each warrant has an exercise price of $11.50, and, after a 25-for-1 reverse stock split implemented on September 19, 2024, 25 warrants are required to receive one whole ordinary share.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 687 | $1.20 | $824.40 |
| Sale | Business Combination Warrants (right to buy) | 841 | $1.50 | $1K |
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 483,262 Business Combination Warrants, which, if exercised in full, would be equivalent to 19,330.48 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
exercise price financial
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?
How many Arqit (ARQQ) Business Combination Warrants were sold and at what prices?
How many Arqit (ARQQ) warrants does the reporting person still beneficially own?
What are the key terms of Arqit (ARQQ) Business Combination Warrants after the reverse split?
How did Arqit (ARQQ)’s reverse stock split affect warrant conversion?
AI-generated analysis. How Rhea-AI works. Not financial advice.