Arqit Quantum Inc., a foreign private issuer, has announced its upcoming Annual General Meeting (AGM) scheduled for September 18, 2024. The AGM will address several key proposals, including the election of three Class III directors and a series of reverse share split proposals aimed at maintaining compliance with Nasdaq's minimum trading price requirement. The reverse share split proposals are contingent on the company's share price and are structured in three tiers: a 15:1, 20:1, or 25:1 consolidation, each activated based on specific price conditions. The AGM will be held in London and via webcast, with only shareholders of record as of August 16, 2024, entitled to vote. The company has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement and has been granted an additional 180-day compliance period to meet the requirement. The reverse share split is intended to increase the market price of Arqit's ordinary shares to regain compliance with Nasdaq's listing rules.

Arqit Quantum Inc., a foreign private issuer, has announced its upcoming Annual General Meeting (AGM) scheduled for September 18, 2024. The AGM will address several key proposals, including the election of three Class III directors and a series of reverse share split proposals aimed at maintaining compliance with Nasdaq's minimum trading price requirement. The reverse share split proposals are contingent on the company's share price and are structured in three tiers: a 15:1, 20:1, or 25:1 consolidation, each activated based on specific price conditions. The AGM will be held in London and via webcast, with only shareholders of record as of August 16, 2024, entitled to vote. The company has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement and has been granted an additional 180-day compliance period to meet the requirement. The reverse share split is intended to increase the market price of Arqit's ordinary shares to regain compliance with Nasdaq's listing rules.