Brief: Centricus Acquisition Corp To Combine With Arqit Limited In $1.4 Bln Deal

Arqit Quantum

12/05/2021 11:56

May 12 (Reuters) - Centricus Acquisition Corp  CENH.O :
    * CENTRICUS ACQUISITION CORP. TO COMBINE WITH ARQIT LIMITED,
A
LEADER IN QUANTUM ENCRYPTION TECHNOLOGY
    * CENTRICUS ACQUISITION CORP - PRO FORMA EQUITY VALUE OF
BUSINESS
COMBINATION IS APPROXIMATELY $1.4 BILLION
    * CENTRICUS ACQUISITION CORP - FULLY COMMITTED PIPE OF ABOUT
$70
MILLION WITH PARTICIPATION FROM ARQIT BUSINESS PARTNERS VIRGIN
ORBIT
    * CENTRICUS ACQUISITION CORP - PRO FORMA ENTERPRISE VALUE OF
DEAL
IS ABOUT $1.0 BILLION AT PIPE PRICE OF $10.00 PER SHARE
    * CENTRICUS ACQUISITION CORP - A NEWLY FORMED CAYMAN HOLDING
COMPANY, ARQIT QUANTUM INC., WILL MERGE WITH CENTRICUS, ACQUIRE
ARQIT
    * CENTRICUS ACQUISITION CORP -  TRANSACTION WITH CENTRICUS
IS
EXPECTED TO PROVIDE UP TO $400 MILLION OF GROSS PROCEEDS TO
ARQIT
    * CENTRICUS ACQUISITION CORP -  HERITAGE GROUP, VIRGIN ORBIT
AND
SUMITOMO CORPORATION HAVE AGREED TO INVEST IN THE PIPE OFFERING

Source text: [https://bit.ly/3hk8y41]
Further company coverage:  CENH.O 

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