Arqit Quantum (ARQQ) has released an update.
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Arqit Quantum Inc. has announced a 25:1 reverse share split to regain compliance with Nasdaq’s minimum bid price requirement, with trading on a split-adjusted basis starting September 25, 2024. This strategic move follows shareholder approval and aims to consolidate shares, reducing the total number while increasing the value of each share to meet Nasdaq’s standards. Shareholders will have their share counts adjusted accordingly, and no action is required on their part for the change to take effect.
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