Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Share capital

v3.22.2.2
Share capital
12 Months Ended
Sep. 30, 2022
Share capital  
Share capital

22.    Share capital

The annual financial statements are prepared as a continuation of the financial statements of the Group, prior periods are that of Arqit Limited.

On September 2, 2021, the Company had 12,973,270 ordinary shares in issue with a par value of $0.0001. Immediately following the merger, the Company closed a series of subscription agreements with accredited investors (“PIPE Investors”) for a private placement of 7,100,000 ordinary shares. PIPE financing led to an increase in share premium of $70.999 million.

As of September 30, 2022, the total number of ordinary shares of the Company outstanding is 121,926,166 with a par value of $0.0001.

    

Number of ordinary

    

Share capital

shares

$

Inception, April 26, 2021 – par value $1

 

1

1

Treasury shares

 

(1)

(1)

Shares issued in merger with Centricus

 

12,973,430

1,297

Shares issued in exchange for Arqit Limited shares

 

90,000,000

9,000

Shares issued to PIPE investors

 

7,100,000

710

September 30, 2021 – par value $0.0001

 

110,073,430

11,007

Warrants exercised

1,852,736

185

Shares issued in exchange for Arqit Limited shares

10,000,000

1,000

September 30, 2022 – par value $0.0001

 

121,926,166

12,192