Arqit Quantum (ARQQ) Announces 25:1 Reverse Share Split
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Arqit Quantum Inc. Announces 25:1 Reverse Share Split
September 19, 2024 7:00 AM EDTLONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ) (Arqit or the Company), a leader in quantum safe encryption, today announces that, following approval by the Companys shareholders at its annual general meeting held on September 18, 2024, the Companys Board of Directors has determined to effect a 25:1 reverse share split (the 25:1 Reverse Share Split). Accordingly, the authorized share capital of the Company will be consolidated as follows: from US$50,000 divided into 469,000,001 ordinary shares of a par value of US$0.0001 each and 30,999,999 preference shares of a par value of US$0.0001 each, to US$50,000 divided... More
