INVESTIGATION ALERT: Schall Law Firm Encourages Arqit Quantum Inc. Investors Who Have Suffered $100,000 Losses to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Arqit Quantum Inc. (“Arqit” or “the Company”) ( NASDAQ: ARQQ) for violating securities laws.

The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Arqit is the subject of an article published by the the wall street journal on April 18, 2022, titled: “British crypto startup Arqit is overstating its prospects, say ex-employees and others.” According to the report, “Those familiar with the matter said that the majority of the company’s committed revenue did not come from the sale of its product and that at its public launch, the company had little more than a prototype of its encryption system.. Several clients listed by the company, including a number of UK government agencies, simply award Arqit research grants, non-binding memorandums of understanding or funding-free research agreements , without a contract for its crypto product, they said.Based on that report, Arqit shares fell more than 19% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by e-mail at [email protected]

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.

Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.

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