NEW
YORK, June 10, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Arqit Quantum Inc. f/k/a
Centricus Acquisition Corp. (NASDAQ: ARQQ).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/arqit-quantum-inc-f-k-a-centricus-acquisition-corp-loss-submission-form/?id=28318&from=4
This lawsuit is on behalf of: (i) all persons or entities who
purchased or otherwise acquired Arqit securities between
September 7, 2021 and April 18, 2022, inclusive; and/or (ii) all
holders of Centricus securities as of the record date for the
special meeting of shareholders held on August 31, 2021 to consider approval of the
merger between Arqit and Centricus (the "Merger") and entitled to
vote on the Merger.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
July 5, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Arqit Quantum Inc. f/k/a
Centricus Acquisition Corp. issued materially false and/or
misleading statements and/or failed to disclose that: (1) Arqit's
proposed encryption technology would require widespread adoption of
new protocols and standards for telecommunications; (2) British
cybersecurity officials questioned the viability of Arqit's
proposed encryption technology in a meeting in 2020; (3) the
British government was not an Arqit customer but, rather, providing
grants to Arqit; (4) Arqit had little more than an early-stage
prototype of its encryption system at the time of the Merger; and
(5) as a result, Defendants' statements about its business,
operations, and prospects, were materially false and misleading
and/or lacked a reasonable basis at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law