|12 Months Ended|
Sep. 30, 2022
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.
The entire disclosure for share capital, reserves and other equity interest.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef