NEW YORK, June 21, 2022 /PRNewswire/ — Klein Law Firm announces that a class action lawsuit has been filed on behalf of shareholders of Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. (NASDAQ: ARQQ) alleging that the company violated federal securities laws.
This lawsuit is on behalf of: (i) all persons or entities who purchased or otherwise acquired Arqit securities between September 7, 2021 and April 18, 2022, included ; and/or (ii) all holders of Centricus securities on the record date of the extraordinary meeting of shareholders held on August 31, 2021 to consider the approval of the merger between Arqit and Centricus (the “Merger”) and entitled to vote on the Merger.
Lead Applicant Deadline: July 5, 2022
No obligation or cost to you.
Learn more about your recoverable losses in ARQQ:
Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. NEWS – ARQQ NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) Arqit’s proposed encryption technology would require the widespread adoption of new telecommunications protocols and standards; (2) UK cybersecurity officials questioned the viability of Arqit’s proposed encryption technology at a meeting in 2020; (3) the UK government was not a client of Arqit but rather provided subsidies to Arqit; (4) Arqit had little more than an early prototype of its encryption system at the time of the Merger; and (5) therefore, defendants’ statements about its business, operations and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.
WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you have suffered a loss in Arqit Quantum Inc. f/k/a Centricus Acquisition Corp., you have until July 5, 2022 ask the court to obtain the status of principal plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you have purchased securities of Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. during the relevant period, you may be entitled to compensation without payment of disbursements.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For more information on the ARQQ trial, please contact J. Klein, Esq. by phone at 212-616-4899 or click on this link: https://www.kleinstocklaw.com/pslra-1/arqit-quantum-inc-fka-centricus-acquisition-corp-loss-submission-form?id= 28796&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud across the country. Klein Law Firm is a litigation firm with experience in a wide range of areas, including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertisement. Prior results do not guarantee similar results.
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
New York, NY 10118
Telephone: (212) 616-4899
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SOURCE Klein Law Firm