PR Newswire

SAN FRANCISCO, May 10, 2022 /PRNewswire/ -- Hagens Berman urges Arqit Quantum Inc. (NASDAQ: ARQQ) investors and Centricus Acquisition Corp. (NASDAQ: CENH, CENHU, CENHW) investors with significant losses to submit your losses now.

Class Period: Sept. 7, 2021 – Apr. 18, 2022
Lead Plaintiff Deadline: July 5, 2022
Visit: https://www.hbsslaw.com/investor-fraud/ARQQ
Contact An Attorney Now: [email protected]
844-916-0895

Arqit Quantum Inc. (ARQQ) Class Action:

The complaint alleges Defendants made false or misleading statements or failed to disclose: (1) Arqit's proposed encryption technology would require widespread adoption of new protocols and standards for telecommunications; (2) British cybersecurity officials questioned the viability of Arqit's proposed encryption technology in a meeting held in 2020; (3) the British government was not a customer of Arqit and only provided grants to the company; and, (4) Arqit had little more than an early-stage prototype of its encryption system at the time of its SPAC merger.

The truth emerged on Apr. 18, 2022, when The Wall Street Journal reported that "British cybersecurity officials questioned the viability of Arqit's proposed approach to encryption technology in a high-level evaluation they privately shared with the company in the summer of 2020, according to people familiar with the matter." The WSJ also reported that Arqit's proposal is a well-known 1980s-era technology with limited real-world application, requires...

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