Press release
Investigation announced for Investors in shares of Arqit Quantum Inc. (NASDAQ: ARQQ)
An investigation for investors in Arqit Quantum Inc. (NASDAQ: ARQQ) shares over potential securities laws violations.
Investors who purchased shares of Arqit Quantum Inc. (NASDAQ: ARQQ), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Arqit Quantum Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
England based Arqit Quantum Inc. provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom.
On April 18, 2022, an article was published titled "British Encryption Startup Arqit Overstates Its Prospects, Former Staff and Others Say." Therein, the article reported that individuals familiar with the matter claimed that Arqit Quantum Inc's encryption technology "might never apply beyond niche uses," and that, at the time of the Company's initial public offering, Arqit had "little more than an early-stage prototype of its encryption system."
Shares of Arqit Quantum Inc. (NASDAQ: ARQQ) declined from $15.39 per share on April 13, 2022, to as low as $7.38 per share.
Those who purchased shares of Arqit Quantum Inc. (NASDAQ: ARQQ) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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