ARQQ - Public offerings

Issued on behalf of Scope Technologies Corp. VANCOUVER, BC, Dec. 16, 2024 /PRNewswire/ -- USA News Group News Commentary – Now that quantum computing capabilities are becoming a reality, thanks to another breakthrough, the future frontier of software innovation is nearer than ever. However, with the advent of the new Google Willow Chip, another very real concern is arising—the urgency of post-quantum cryptography migration. Quantum computers are likely to pose a severe threat to currently-used encryption practices. Behind the scenes, several innovative tech companies are working on quantum computing's capabilities both in problem solving and in cybersecurity, with recent developments coming

$293,000 in revenue generated for the full fiscal year Signed seven figure multi-year SKA-PlatformTM enterprise license contract Commence fiscal year 2025 with annual recurring revenue backlog Cash position of $18.7 million at the end of the period LONDON, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW)) ("Arqit" or the "Company"), a leader in quantum safe encryption, today announced its operational and financial results for the fiscal year ended 30 September 2024. Operational Highlights for fiscal year 2024 Arqit reported revenue of $293,000 for the fiscal year. The company executed on contracts during the period for 13 customers. Most contracts were limit

LONDON, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) ("Arqit" or the "Company"), a global leader in quantum encryption technology, today announced that it has entered into a definitive securities purchase agreement with existing shareholders Heritage Assets SCSP, Notion Capital, Carlo Calabria, and Garth Ritchie (collectively, the "Purchasers") for the sale and purchase of 5,440,000 of the Company's ordinary shares, $0.000004 par value per share (the "Ordinary Shares") at an offering price of $2.50 per Ordinary Share, in a registered direct offering (the "Offering"). Arqit director Manfredi Lefebvre d'Ovidio has shared investment and voting power over the sh

$5.6 million of revenue and other operating income from discontinued operations for fiscal year 2023 Revenue for the second half of fiscal year 2023 from the sale of QuantumCloud™ symmetric key agreement encryption technology increased from the first half of fiscal year 2023 New specialised applications of QuantumCloud™ symmetric key agreement encryption technology, including NetworkSecure™, TradeSecure™ and WalletSecure™ offerings 13 channel partnerships signed in the fiscal year, including 8 in the second half of the period, with revenue generation commenced through 6 such relationships LONDON, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) ("Arqit"), a g

LONDON, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) ("Arqit" or the "Company"), a global leader in quantum encryption technology, today announced the closing of its previously announced registered direct offering (the "Offering"), pursuant to which it sold 12,820,513 of the Company's ordinary shares, $0.0001 par value per share (the "Ordinary Shares"), together with warrants (the "Warrants") to purchase up to 12,820,513 Ordinary Shares at a combined offering price of $0.78 per Ordinary Share and accompanying Warrant. The Warrants have an exercise price of $0.78 per Ordinary Share, are immediately exercisable and will expire five years from the initial exerc

LONDON, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) ("Arqit" or the "Company"), a global leader in quantum encryption technology, today announced that it has entered into a definitive securities purchase agreement for the sale and purchase of 12,820,513 of the Company's ordinary shares, $0.0001 par value per share (the "Ordinary Shares"), together with warrants (the "Warrants") to purchase up to 12,820,513 Ordinary Shares at a combined offering price of $0.78 per Ordinary Share and accompanying Warrant, in a registered direct offering (the "Offering"). The Warrants will have an exercise price of $0.78 per Ordinary Share, will become exercisable commencing t

$2.6 million of revenue and other operating income for the six month period First cloud platform revenues generated through previously announced channel partnership Significant cost reduction initiative actioned Adviser retained in connection with potential sale of satellite division LONDON, May 17, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) ("Arqit"), a global leader in post quantum encryption technology, today announced its operational and financial results for the six months ended 31 March 2023. Recent Operational Highlights In December 2022, Arqit launched a pivot in go-to-market strategy to selling our cloud delivered QuantumCloud™ platform as a service

LONDON, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) ("Arqit"), a global leader in quantum encryption technology, today announced that it has entered into a definitive securities purchase agreement with several institutional investors (the "Securities Purchase Agreement") for the sale and purchase of 10 million shares of the Company's ordinary shares, $0.0001 par value each (the "Ordinary Shares"), together with warrants (the "Warrants) to purchase up to 7.5 million Ordinary Shares at a combined offering price of $2.00 per Ordinary Share and accompanying warrant, in a registered direct offering (the "Offering"). The Warrants will have an exercise price of $2.

  Virgin Orbit and Arqit Quantum announce an extension to their collaboration Virgin Orbit has licensed the Arqit QuantumCloudTM service from Arqit to protect its launch and space solutions businesses. Arqit has contracted exclusively with Virgin Orbit for Arqit's launch needs which might result from expected new government sales. The two companies have previously announced a $5 million investment from Virgin Orbit in Arqit's shares. Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II ("NextGen") (NASDAQ:NGCA), has signed a new launch contract covering two dedicated launches for Arqit Qu

Virgin Orbit and Arqit Quantum announce an extension to their collaboration that will accelerate space-based encryption services to private, defense, and intelligence customers globally. Arqit has contracted exclusively with Virgin Orbit for Arqit's launch needs for up to 5 launches from Spaceport Cornwall beginning in 2023. Virgin Orbit has acquired a quantum cloud encryption license from Arqit to provide encryption protection for its launch and space solutions businesses. The two companies have previously announced a $5 million investment from Virgin Orbit into Arqit's SPAC. Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combi