Kuznicki Law PLLC notifies investors that a class action 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. (NasdaqCM: ARQQ, ARQQW, CENH, CENHU, CENHW), if they purchased the Company’s securities between September 7, 2021 and April 18, 2022, inclusive (the “Class Period”) and/or held Centricus securities as of August 31, 2021 and were eligible to vote at the special meeting on the merger between Arqit and Centricus.
Arqit and certain of its executives are charged with failing to disclose material information during the Class Period and/or in the Proxy Statement issued in connection to the Merger, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company’s proposed encryption technology would require widespread adoption of new protocols and standards of for telecommunications (ii) British cybersecurity officials questioned the viability of the Company’s proposed encryption technology in a meeting in 2020; (iii) the British government was not a customer of the Company but, rather, provided grants to it; (iv) the Company had little more than an early-stage prototype of its encryption system at the time of the Merger; and (v) as a result of the foregoing, the Company’s statements about its business, operations, and prospects were materially false and misleading 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.