Friday, May 27 2022

LOS ANGELES–(BUSINESS WIRE)–Schall law firma national shareholder rights litigation firm, announces the filing of a class action lawsuit against Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. (“Arqit” or “the Company”) (NASDAQ: ARQQCENH) for violating federal securities laws.

Investors who purchased the Company’s securities between September 7, 2021 and April 18, 2022 inclusive (the “Class Period”), and all holders of Centricus securities on the record date of the extraordinary shareholders’ meeting 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, are encouraged to contact the firm before July 5, 2022.

If you are a shareholder who has 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.comor by e-mail to [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.

According to the complaint, the company made false and misleading statements to the market. Arqit’s encryption technology would only be effective with the widespread adoption of new telecommunications standards and the development of new protocols. Cybersecurity officials in the UK were unconvinced of the company’s technology and its viability at a meeting in 2020. The UK government only provided grants to the company, it was not not a customer. At the time of the Merger, the Company only had a first prototype of its technology. Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When the market learned the truth about Arqit, investors suffered damage.

Join the file to recoup your losses.

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

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.

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