Arqit Quantum Inc., a company specializing in quantum encryption technology, has undergone significant changes in share ownership as detailed in a recent Schedule 13D/A filing with the U.S. Securities and Exchange Commission. The filing, dated September 30, 2024, indicates that D2BW Limited, along with individuals David Williams and David Bestwick, have reported changes in their holdings of Arqit Quantum's ordinary shares. Following a 25:1 reverse share split on September 25, 2024, D2BW Limited now holds 831,823 shares, representing 7.2% of the company. David Williams has a beneficial ownership of 1,307,266 shares, or 11.3%, which includes shares over which he has a voting proxy due to a divorce settlement. David Bestwick's beneficial ownership stands at 1,114,812 shares, accounting for 9.7% of Arqit Quantum. The filing also details a transfer of shares from Williams to his ex-wife and to D2BW Limited, which is jointly owned by Williams and Bestwick. The settlement agreement includes restrictions on the sale of shares until December 31, 2024, or under certain conditions related to the share price. The filing clarifies the reporting persons' beneficial ownership and amends previous disclosures.

Arqit Quantum Inc., a company specializing in quantum encryption technology, has undergone significant changes in share ownership as detailed in a recent Schedule 13D/A filing with the U.S. Securities and Exchange Commission. The filing, dated September 30, 2024, indicates that D2BW Limited, along with individuals David Williams and David Bestwick, have reported changes in their holdings of Arqit Quantum's ordinary shares. Following a 25:1 reverse share split on September 25, 2024, D2BW Limited now holds 831,823 shares, representing 7.2% of the company. David Williams has a beneficial ownership of 1,307,266 shares, or 11.3%, which includes shares over which he has a voting proxy due to a divorce settlement. David Bestwick's beneficial ownership stands at 1,114,812 shares, accounting for 9.7% of Arqit Quantum. The filing also details a transfer of shares from Williams to his ex-wife and to D2BW Limited, which is jointly owned by Williams and Bestwick. The settlement agreement includes restrictions on the sale of shares until December 31, 2024, or under certain conditions related to the share price. The filing clarifies the reporting persons' beneficial ownership and amends previous disclosures.