Arqit Quantum (ARQQ) has released an update.
Arqit Quantum Inc. has issued purchase warrants for ordinary shares exercisable at $2.50 each, following specific conditions such as a minimum one-year holding period and a threshold share price of $5.00 for 60 consecutive days. The warrants offer rights to subscribe for shares within a set period, with the company facilitating electronic execution and expedited issuance of shares upon exercise. The arrangement aims to streamline the process for investors to exercise their warrants without the physical surrender of documents until all entitled shares are acquired.
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