The PennZone

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Arqit Quantum Inc. ("Arqit" or the "Company") (NASDAQ: ARQQ, ARQQW) investors concerning the Company's possible violations of federal securities laws.

On April 18, 2022, The Wall Street Journal published an article reporting that Arqit's encryption technology "might never apply beyond niche uses," and that, when the Company went public, Arqit had "little more than an early-stage prototype of its encryption system," citing individuals familiar with the matter.

More on The PennZone

• Valgar LLC Launches The Briefing Room: Education Leaders
• New Novel WINCE Takes Unflinching Aim at American Gun Culture and Masculinity
• New Research Puts the Cost of Enterprise Decision Delay at $630 Billion a Year Across the Global 2000
• Easwe D10, C20, and C30: Lightweight Folding Electric Wheelchairs Built for Easier Travel
• Cover Story about Matthew Cossolotto – Author of Harness Your PromisePower -- Published in July 2026 Enterprise World Magazine

On this news, Arqit's share price fell $2.57, or 17.1%, to close at $12.49 per share on April 18, 2022, thereby injuring investors.

If you purchased Arqit securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

---

Show All News | Disclaimer | Report Violation