On June 2, 2026, the Honorable Pamela K. Chen of the United States District Court for the Eastern District of New York granted final approval of a settlement reached on behalf of (a) all beneficial holders of Centricus Acquisition Corp. securities (CENH, CENHU) as of the July 26, 2021, record date for the special meeting of shareholders held on August 31, 2021, to consider approval of the Merger between Centricus and Arqit Limited; (b) all persons or entities who purchased or otherwise acquired Arqit Quantum securities (ARQQ, ARQQW) in connection with the Merger or on a U.S. stock exchange during the Class Period; and (c) all persons or entities who purchased or otherwise acquired Arqit Quantum securities pursuant to or traceable to the effective “Registration Statement” and “Prospectus” filed with the SEC for the September 2, 2021, Offering of Arqit Quantum securities in connection with the Merger.
The settlement provides a $7 million relief for class members and resolves claims that Defendants made false and misleading statements in connection with the Merger and during the Class Period regarding, among other things, the capabilities of Arqit’s technology.
In granting final approval, Judge Chen found that the settlement is “fair, reasonable, and adequate to the Settlement Classes.”
Class members must submit a timely and valid claim form on or before June 22, 2026, in order to be eligible for a share of the net settlement fund. Additional information concerning the settlement is set forth in the long-form notice and other materials available at www.ArqitSecuritiesSettlement.com.
The now-resolved case is In re Arqit Quantum Inc. Securities Litigation, Case No. 1:22-cv-02604-PKC (E.D.N.Y.).
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