Liquidia Court Ruling, Arquitos Capital Down Over 50% In Q3 [Letter]
Arquitos Capital reported a -51.9% net return in Q3 2026, with YTD return at -26.5%. The decline was driven by a district court ruling against Liquidia, causing its shares to drop from $71 to $30. Arquitos' holdings in Liquidia call options expired out of the money, but the fund plans to hold them.






