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SPAC · Merger completed

Centricus Acquisition Corp.

Business combination with Arqit Limited

Centricus Acquisition Corp. is a blank-check company (SPAC) that raised $300M in its initial public offering on Feb 5, 2021, listing on Nasdaq Capital Market. It completed its business combination with Arqit Limited on Sep 10, 2021; the combined company is Arqit Quantum Inc. (ARQQ). Deutsche Bank led the IPO. Paul Hastings advised the SPAC and Ropes & Gray advised the underwriters on the IPO.

Arqit Limited has developed quantum encryption technology to secure the communication links of networked devices against current and future hacking, including attacks from quantum computers. Its product, QuantumCloud, creates software encryption keys that are easy to use remotely.

Status
Merger completed
IPO date
Feb 5, 2021
IPO size
$300M
IPO exchange
Nasdaq Capital Market
Target
Arqit Limited
Announced
May 12, 2021
Closed
Sep 10, 2021
Combined company
Arqit Quantum Inc. (ARQQ)
IPO underwriters
Deutsche Bank
SPAC counsel (IPO)
Paul Hastings and Maples and Calder
Underwriters' counsel (IPO)
Ropes & Gray

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