Arqit Quantum Director Manfredi Sells Business Combination Warrants

Lefebvre d'Ovidio Manfredi, a director of Arqit Quantum Inc. (ARQQ), filed a Form 4 disclosing sales of Business Combination Warrants. On July 2, 2026, Manfredi sold 36 warrants at a weighted average price of $1.40 per warrant, and on July 6, 2026, sold 97 warrants at a weighted average price of $1.20 per warrant. These transactions reduced the director's warrant holdings from the equivalent of 14,755.68 ordinary shares to 14,658.52 ordinary shares on a post-reverse stock split basis. The warrants are exercisable for ordinary shares at $11.50 per warrant, with each warrant convertible to 0.04 of an ordinary share following a 1-for-25 reverse stock split implemented in September 2024. Manfredi beneficially owns 366,463 Business Combination Warrants through Heritage Assets SCSp, which would be equivalent to 14,658.52 ordinary shares if exercised. The filing notes that as a foreign private issuer, Arqit Quantum's securities are exempt from Sections 16(b) and 16(c) of the Exchange Act.