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UK cyber firm Arqit Quantum faces SEC probe over Spac merger
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British cybersecurity company Arqit Quantum is facing an investigation from the US Securities and Exchange Commission over its merger with a special-purpose acquisition company last year, the company disclosed on 14 December.
Arqit saw its market value rise from $1.4bn to over $4.5bn soon after it completed the Spac merger — a form of public listing — in September 2021 as investors embraced the company and its projections of surging revenue and profits in the emerging sectors of digital security and advanced cryptography....
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