Summary by Moomoo AI
Arqit Quantum Inc., known as ARQQ in the US stock market, has announced a reverse stock split that will take effect on September 25, 2024. The reverse split will be conducted at a ratio of 1-for-25, meaning that shareholders will receive one new share for every 25 shares they currently hold. Following the split, the company's stock symbol will change from ARQQ to ARQQ1. The new CUSIP number for Arqit Quantum Inc. will be G0567U127. The pricing for the new ARQQ1 shares will be determined by multiplying the ARQQ share price by 0.04. Additionally, the new deliverable per contract for options will be 4 new ordinary shares of Arqit Quantum Inc. This corporate event may affect listed options or futures, and the Options Clearing Corporation (OCC) has made the necessary adjustments in accordance with its by-laws. Shareholders and investors are advised to independently verify all information related to this event, as adjustments are subject to change based on new information or changes to the event terms.
