Arqit founders to buy shares
Arqit Quantum Inc. (ARQQ)
Company Research
Source: GlobeNewswire
LONDON, April 15, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, announced today that D2BW Limited, an existing shareholder beneficially owned by Arqit’s Founder, Chairman and Chief Executive Officer, David Williams, and Founder and Chief Technology Officer, David Bestwick has agreed to purchase 1,241,379 ordinary shares from Arqit, with total gross proceeds to Arqit prior to the deduction of expenses of approximately $900,000. The purchase price per share is $0.725, which was the closing price of Arqit’s ordinary shares as reported by Nasdaq on 28 March 2024. No warrants were granted in connection with the purchase. The transaction is expected to close on 15 April 2024. This represents an initial purchase under a Purchase Agreement between D2BW Limited and Arqit whereby D2BW Limited would purchase up to an aggregate of 7,586,206 shares at a purchase price per share of $0.725. Additional purchases are conditioned upon
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ARQQ
News
- Arqit announces collaboration to deliver out-of-the-box post-quantum cryptography solutionsGlobeNewswire
- Satellite Applications Catapult trials Arqit Network Secure™ [Yahoo! Finance]Yahoo! Finance
- Satellite Applications Catapult trials Arqit Network Secure™GlobeNewswire
- Arqit clarifies certain Form 144 filings [Yahoo! Finance]Yahoo! Finance
- Arqit clarifies certain Form 144 filingsGlobeNewswire
ARQQ
Sec Filings
- 4/15/24 - Form SC
- 4/15/24 - Form 424B5
- 4/15/24 - Form 6-K
- ARQQ's page on the SEC website