LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of Arqit Quantum Inc. (“Arqit” or the “Company”) (NASDAQ: ARQQ, ARQQW) investors concerning the Company’s possible violations of the federal securities laws.
If you suffered a loss on your Arqit investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/arqit-quantum-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
On April 18, 2022, The Wall Street Journal published an article reporting that Arqit’s encryption technology “might never apply beyond niche uses,” and that, when the Company went public, Arqit had “little more than an early-stage prototype of its encryption system,” citing individuals familiar with the matter.
On this news, Arqit’s share price fell $2.57, or 17.1%, to close at $12.49 per share on April 18, 2022, thereby injuring investors.
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Whistleblower Notice: Persons with non-public information regarding Arqit should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive...
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