BRIEF-Centricus Acquisition Corp To Combine With Arqit Limited In $1.4 Bln Deal

Reuters
2021/05/12

May 12 (Reuters) - Centricus Acquisition Corp :

* 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

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((Reuters.Briefs@thomsonreuters.com;))

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