Why Are Arqit Quantum Shares Trading Higher Premarket?

Why Are Arqit Quantum Shares Trading Higher Premarket?
Stock photo of a tablet showing a stock price chart. Burak Kebapci/Pexels
|Updated:

Quantum encryption technology firm Arqit Quantum Inc. announced its financial results for the fiscal year ended 30 September.

Arqit raised $96 million from its September Nasdaq IPO and SPAC merger with Centricus Acquisition Corp. It held $86.9 million in cash and equivalents.