Arqit Quantum (ARQQ) director-linked entity sells 1,114 Business Combination Warrants
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,114 shares ($1,337)
Net Sell
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
null
Sold
1,114 shs ($1K)
| 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 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 15,416.08 shares (Indirect, Beneficially owned through Heritage Assets SCSp)
Footnotes (1)
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Key Figures
Warrants sold: 1,114 Business Combination Warrants
Sale price: $1.20 per warrant
Remaining warrants: 385,402 warrants
+3 more
6 metrics
Warrants sold
1,114 Business Combination Warrants
Open-market sales on June 24–25, 2026
Sale price
$1.20 per warrant
Reported transaction price per warrant
Remaining warrants
385,402 warrants
Beneficially owned after transactions
Ordinary share equivalent
15,416.08 shares
Equivalent if remaining warrants fully exercised
Exercise price
$11.50 per ordinary share
Business Combination Warrant exercise price
Warrant expiration
September 3, 2026
Expiration date of the warrants
Key Terms
Business Combination Warrants, reverse stock split, exercise price, Beneficially owned through Heritage Assets SCSp, +1 more
5 terms
Business Combination Warrants financial
"Business Combination Warrants (right to buy)"
reverse stock split financial
"announced the implementation of a reverse stock split whereby every 25"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
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.
Beneficially owned through Heritage Assets SCSp financial
"nature_of_ownership: Beneficially owned through Heritage Assets SCSp"
FAQ
What insider transactions did Arqit Quantum (ARQQ) report in this Form 4?
Arqit Quantum reported that an entity associated with director Lefebvre d'Ovidio Manfredi sold 1,114 Business Combination Warrants in open-market transactions at about $1.20 per warrant over two days, reducing but not eliminating its warrant position.
Who executed 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 Business Combination Warrants. The filing classifies the holdings as indirect ownership and describes Heritage Assets SCSp as the beneficial holder of the warrants.
How many Arqit Quantum (ARQQ) warrants were sold and at what price?
The filing shows two open-market sales totaling 1,114 Business Combination Warrants, with 659 sold one day and 455 the next. Each transaction was priced at approximately $1.20 per warrant, according to the reported transaction price per share field.
What warrant position remains after these Arqit Quantum (ARQQ) sales?
After the reported transactions, the filing states the reporting person beneficially owns 385,402 Business Combination Warrants. Footnote disclosure explains this position would equal 15,416.08 Arqit ordinary shares if fully exercised on a post-reverse-split basis.
What are the key terms of Arqit Quantum (ARQQ) Business Combination Warrants?
Each Business Combination Warrant has an exercise price of $11.50 and entitles the holder to purchase 0.04 Arqit ordinary share post-reverse-split. The warrants cannot be exercised for fractional shares, requiring at least 25 warrants to receive one whole ordinary share.
How did Arqit Quantum’s reverse stock split affect its warrants?
Arqit implemented a reverse stock split where every 25 ordinary shares became one share. As described, each Business Combination Warrant now converts into 0.04 post-split ordinary share, and warrant holders must exercise at least 25 warrants to obtain a single whole ordinary share.