D2BW Ltd Amends Arqit Quantum Stake

TL;DR

D2BW Ltd filed a 13D/A for Arqit Quantum Inc. - ownership change incoming.

AI Summary

D2BW Limited, associated with David Bestwick and David Williams, has filed an amendment (No. 4) to its Schedule 13D for Arqit Quantum Inc. The filing, dated September 10, 2024, indicates a change in their beneficial ownership of Arqit Quantum Inc.'s ordinary shares. The specific details of the change in ownership percentage or number of shares are not provided in this excerpt.

Why It Matters

This filing signals a potential shift in control or significant investment activity by a major shareholder in Arqit Quantum Inc., which could impact the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility and uncertainty for investors.

Key Players & Entities

• D2BW Limited (company) — Filing entity
• Arqit Quantum Inc. (company) — Subject company
• David Bestwick (person) — Group member associated with filing
• David Williams (person) — Group member associated with filing

FAQ

Key Financial Figures

• $0.0001 — spect to the ordinary shares, par value $0.0001 per share (“Ordinary Shares&rdquo

Filing Documents

• tm2424101d1_sc13da.htm (SC 13D/A) — 46KB
• 0001104659-24-099957.txt ( ) — 48KB

SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

of the Schedule 13D is hereby amended and supplemented as

Item 3 of the Schedule 13D is hereby amended and supplemented as follows: On September 10, 2024, the Loan Agreement was terminated and the Lender took beneficial ownership of 12,045,103 Ordinary Shares which had been pledged to secure the loan pursuant to the Loan Documents, as a result of which the Reporting Persons are no longer the beneficial

INTEREST IN SECURITIES OF THE ISSUER

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

of the Schedule

Item 5 of the Schedule 13D is hereby amended and restated as follows: (a) - (b) As of the date hereof, each Reporting Person’s beneficial ownership is as follows (based upon 170,562,393 ordinary shares issued and outstanding as of September 13, 2024): D2BW Limited Ordinary Shares (a) Amount beneficially owned: 19,518,927 (b) Percent of class: 11.4 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 0 (ii) Shared power to vote or to direct the vote 19,518,927 (iii) Sole power to dispose or to direct the disposition of 0 (iv) Shared power to dispose or to direct the disposition of 19,518,927 David Williams (1)(2) Ordinary Shares (a) Amount beneficially owned: 32,681,371 (b) Percent of class: 19.2 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 12,162,444 (ii) Shared power to vote or to direct the vote 20,518,927 (iii) Sole power to dispose or to direct the disposition of 12,162,444 (iv) Shared power to dispose or to direct the disposition of 20,518,927 David Bestwick (1)(3) Ordinary Shares (a) Amount beneficially owned: 26,593,626 (b) Percent of class: 15.6 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 6,074,699 (ii) Shared power to vote or to direct the vote 20,518,927 (iii) Sole power to dispose or to direct the disposition of 6,074,699 (iv) Shared power to dispose or to direct the disposition of 20,518,927 (1) Mr. Williams and Mr. Bestwick collectively own all of the outstanding share capital of D2BW Limited, and hold voting power over 1,000,000 shares owned by the Williams and Bestwick Foundation, and are therefore deemed beneficial owners of the ordinary shares of the Issuer directly held by D2BW Limited and the Williams and Bestwick Foundation. (2) In addition to the 19,518,927 ordinary shares of t

CONTRACTS,

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

of the Schedule

Item 6 of the Schedule 13D is hereby amended and supplemented as follows: To the extent applicable, the information in Items 3 and 4 is incorporated by reference herein.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: September 16, 2024 D2BW Limited By: /s/ David Williams Name: David Williams Title: Director DAVID WILLIAMS /s/ David Williams DAVID BESTWICK /s/ David Bestwick

View Full Filing

View this SC 13D/A filing on SEC EDGAR