The settlement of this federal securities fraud class action lawsuit is on behalf of Arqit Quantum Inc. (“Arqit”) (NASDAQ: ARQQ) f/k/a Centricus Acquisition Corp. (“Centricus”) investors who (1) held Centricus ordinary shares as of the July 26, 2021 record date for the special meeting of shareholders held on August 31, 2021 (the “Meeting”) to consider approval of the merger between Arqit and Centricus (the “Merger”); (2) purchased or otherwise acquired Arqit ordinary shares and/or warrants (“securities”) between September 7, 2021 and December 13, 2022, inclusive (the “Class Period); and/or (3) purchased or otherwise acquired Arqit securities pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Offering Materials”) issued in connection with the Merger on or about September 2, 2021.
Arqit agreed to pay $7,000,000 to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On February 3, 2026, the Court granted Preliminary Approval of the Class Action Settlement. There is a Final Settlement Hearing scheduled for June 1, 2026. The settlement website is active and open for claims.
Who can file a claim?
The settlement class includes all persons or entities who:
- Held Centricus ordinary shares as of the July 26, 2021 record date for the Meeting to consider approval of the Merger; and/or
- Purchased or otherwise acquired Arqit securities between September 7, 2021 and December 13, 2022, inclusive; and/or
- Acquired Arqit securities pursuant and/or traceable to the Offering Materials issued in connection with the Merger on or about September 2, 2021.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $7,000,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim is June 22, 2026. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.arqitsecuritiessettlement.com, or contact the claims administrator, Kroll Settlement Administration, at 1-833-754-5090.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent.