Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. Settlement
Did you buy Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. (ARQQ) stock?
Law Firm: Wolf Popper LLP
Est. Recovery
$7,000,000
About this case
Arqit Quantum Inc., formerly Centricus Acquisition Corp., will pay $7 million in cash to resolve a federal securities class action. The settlement obtained preliminary approval on February 3, 2026; a final fairness hearing is set for June 1, 2026. The class covers buyers of Arqit/Centricus securities from September 7, 2021 through April 18, 2022 and holders of Centricus shares on the August 31, 2021 special-meeting record date. Plaintiffs alleged the company misrepresented the capabilities of its QuantumCloud™ technology and its competitive position during the merger and early trading period.
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