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Arqit Quantum Class Action Lawsuit ARQQ | Deadline July 5, 2022

Arqit Quantum Class Action Lawsuit
(ARQQ Lawsuit)

The Gross Law Firm notifies investors that a class action (Arqit Quantum Class Action Lawsuit) has commenced in the United States District Court for the Eastern District of New York on behalf of shareholders of Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. (NASDAQ: ARQQ) who purchased (i) securities between September 7, 2021 and April 18, 2022, inclusive (the “Class Period”); and/or (ii) all holders of Centricus securities as of the record date for the special meeting of shareholders held on August 31, 2021 to consider approval of the merger between Arqit and Centricus (the “Merger”) and entitled to vote on the Merger.

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that:

(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 in 2020; (3) the British government was not an ARQQ customer but, rather, providing grants to Arqit; (4) ARQQ had little more than an early-stage prototype of its encryption system at the time of the Merger; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.

Shareholders have until July 5, 2022 to request that the court appoint them lead plaintiff.

To receive more information, please fill out the form.

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