Arqit went public via a SPAC merger with Centricus Acquisition in a $1bn deal.

Arqit, a company engaged in quantum encryption technology, went public via a SPAC merger with Centricus Acquisition in a $1bn deal. Investors in PIPE include Virgin Orbit, Sumitomo and Heritage Group. “We are incredibly excited to complete our business combination with Arqit. As a public company, Arqit will now have the platform to fully execute against its vision, further accelerate its commercial programs and establish itself as a leader in the encryption space. I look forward to continuing to support the company as a member of the board and helping to make Arqit’s vision of ensuring a safer environment for businesses and people a reality,” Garth Ritchie, Centricus Chief Executive Officer and Director.