Arqit Quantum Sells Securities to CEO and CTO's Company
Ticker: ARQQW · Form: 6-K · Filed: Apr 15, 2024 · CIK: 1859690
| Field | Detail |
|---|---|
| Company | Arqit Quantum INC. (ARQQW) |
| Form Type | 6-K |
| Filed Date | Apr 15, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $0.725, $900,000 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: insider-transaction, securities-purchase
TL;DR
Arqit Quantum sells shares to a company owned by its CEO and CTO.
AI Summary
On March 29, 2024, Arqit Quantum Inc. entered into a securities purchase agreement with D2BW Limited, a company beneficially owned by CEO David Williams and CTO David Bestwick. This agreement allows for the sale and issuance of securities.
Why It Matters
This transaction involves the company's top executives purchasing securities, which could indicate their confidence in the company's future prospects.
Risk Assessment
Risk Level: medium — Transactions involving insiders can carry risks related to potential conflicts of interest or perceptions of preferential treatment.
Key Players & Entities
- Arqit Quantum Inc. (company) — Registrant
- March 29, 2024 (date) — Date of Purchase Agreement
- D2BW Limited (company) — Purchaser of securities
- David Williams (person) — CEO and beneficial owner of Purchaser
- David Bestwick (person) — CTO and beneficial owner of Purchaser
FAQ
What type of securities were sold in the purchase agreement?
The filing states that the agreement provides for the sale and issuance of 'securities' but does not specify the exact type or quantity in the provided text.
What is the relationship of the purchaser to Arqit Quantum Inc.?
The purchaser, D2BW Limited, is an existing shareholder beneficially owned by Arqit Quantum's Chief Executive Officer, David Williams, and Chief Technology Officer, David Bestwick.
When was the securities purchase agreement entered into?
The securities purchase agreement was entered into on March 29, 2024.
What is the principal executive office address of Arqit Quantum Inc.?
The principal executive office is located at Nova North, Floor 7, 11 Bressenden Place, London SW1E 5BY, United Kingdom.
Does Arqit Quantum Inc. file annual reports under Form 20-F or 40-F?
Arqit Quantum Inc. indicates it files annual reports under cover of Form 20-F.
Filing Stats: 859 words · 3 min read · ~3 pages · Grade level 12.8 · Accepted 2024-04-15 07:02:12
Key Financial Figures
- $0.0001 — pany’s ordinary shares, par value $0.0001 per share (the “ Shares ”)
- $0.725 — Shares ”) at a purchase price of $0.725 per Share, which was the closing market
- $900,000 b — roceeds to the Company of approximately $900,000 before deducting expenses. The Company in
Filing Documents
- tm249804d3_6k.htm (6-K) — 16KB
- tm249804d3_ex5-1.htm (EX-5.1) — 28KB
- tm249804d3_ex10-1.htm (EX-10.1) — 182KB
- tm249804d3_ex5-1img001.jpg (GRAPHIC) — 12KB
- tm249804d3_ex5-1img002.jpg (GRAPHIC) — 36KB
- 0001104659-24-046966.txt ( ) — 294KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ARQIT QUANTUM INC. By: /s/ David Williams Name: David Williams Title: Chief Executive Officer Date: April 15, 2024