Arqit (ARQQ)$7M Investor Settlement
Arqit Quantum has reached a $7M settlement with $ARQQ investors over claims it misled the public about its quantum encryption tech, customer contracts, and long-term viability after its SPAC merger.
Outline:
Arqit went public through a merger with Centricus while promoting its quantum encryption platform as a breakthrough cybersecurity solution. Investors later alleged the company overstated the maturity of its technology and the value of its customer agreements. Reports questioning these claims raised doubts about the company’s commercial outlook. After the stock fell sharply, investors filed suit and Arqit later reached a tentative settlement.
Timeline:
May 2021: Arqit announced its merger with Centricus Acquisition
September 2021: Arqit completed the SPAC merger and began trading as $ARQQ.
2022: Reports questioned the legitimacy of Arqit’s customer agreements and technology readiness.
January 2024: Investors filed a securities class action alleging material misstatements.
January 2026: Arqit reached a tentative settlement pending court approval.
Background:
Arqit Quantum is a UK-based cybersecurity company that promoted its quantum encryption technology as a next-generation solution for protecting sensitive data. The company went public in 2021 through a SPAC merger with Centricus Acquisition Corp.
Following the transaction, Arqit stated that it had secured multi-year customer agreements and positioned its platform as a critical tool for future cybersecurity infrastructure. These statements suggested strong commercial demand and long-term growth potential.
Investors later alleged that many of the company’s agreements were non-binding memoranda of understanding rather than firm contracts. They also claimed the company overstated the readiness and real-world adoption of its technology while failing to disclose internal concerns about its commercial viability.
As these issues surfaced and scrutiny increased, $ARQQ declined sharply. Shareholders alleged the company had inflated its financial outlook and misled the market about the strength of its technology and customer relationships.
What Can Investors Expect Now?
Arqit Quantum has reached a settlement with $ARQQ investors to resolve claims tied to statements about its technology readiness and customer agreements following its SPAC merger.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.
Frequently Asked Questions
All persons and entities who purchased or otherwise acquired Arqit Quantum publicly traded ordinary shares or warrants in connection with the merger with Centricus Acquisition, or on a U.S. stock exchange between September 7, 2021 and December 13, 2022.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
The final payout amount depends on your specific trades and the number of investors participating in the settlement.
If 100% of investors file their claims - the average payout will be $0.23 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.92 per share.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.