Centricus Acquisition Corp.

Centricus Acquisition Corp.

CENH
Centricus Acquisition Corp.US flagNASDAQ
8.35
USD
-0.04
- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Garth Ritchie
Sector
Financial Services
Industry
Shell Companies
Address
Byron House London United Kingdom
IPO Date
Mar 29, 2021
Website
arqit.uk
Business
Centricus Acquisition Corp. (Nasdaq: CENH) operates as a blank check company whose primary business is to pursue mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar combinations with one or more target businesses. Incorporated in 2020 and headquartered in London, United Kingdom, the company completed a definitive business combination with Arqit Limited, a developer of quantum encryption technology, in September 2021, resulting in Arqit Quantum Inc. listing on Nasdaq under the tickers ARQQ and ARQW; post-merger, Centricus effectively ceased independent operations as a SPAC. Prior to the merger, Centricus focused on technology and cybersecurity sectors without proprietary products or services of its own, relying instead on its approximately $345 million IPO trust proceeds from February 2021 to fund transactions. The merger valued the pro forma enterprise at around $1.0 billion and included a $70 million PIPE from investors such as Heritage Group, Virgin Orbit, and Sumitomo Corporation; no significant products or services emanate from Centricus itself post-combination. Geographically, it targeted global opportunities with a European base, though its activities concluded with the Arqit deal.

Company News

APIChat
  • Centricus Acquisition Corp. Welcomes Business Updates by Arqit Limited, a Leader in Quantum Encryption Technology

  • Centricus Acquisition Corporation Buys Next-Gen Cybersec Company Arqit

  • 'SPACs Attack' Recap: Looking Back At 8 SPAC Deals Plus Latest SPAC Headlines And Earnings