Arqit Quantum (ARQQ) Registration Filing summary

Company overview and business model

• Supplies encryption software securing networked devices, cloud machines, and data against current and future cyber threats, including quantum computing attacks.

• Platform enables endpoint devices to create computationally secure encryption keys locally, supporting Zero Trust Network Access and scalable group key management.

• Product is standards-compliant, lightweight, and does not require disruptive technology replacement for customers.

• Holds a growing portfolio of granted patents and is compatible with NSA CSfC requirements.

Financial performance and metrics

• As of January 15, 2025, 12,745,408 ordinary shares were issued and outstanding; no preference shares were outstanding.

• Net tangible book value as of September 30, 2024, was $9.9 million, or $0.86 per share.

• After a $75 million offering at $20.59 per share, as adjusted net tangible book value would be $82.4 million, or $5.42 per share, with immediate dilution of $15.17 per share to new investors.

Use of proceeds and capital allocation

• Proceeds from securities sales will be used for general corporate purposes, including working capital, capital expenditures, investments, acquisitions, and debt repayment.

• Management has broad discretion in allocating net proceeds.