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ARCHTIS LIMITED — Capital/Financing Update 2021
Dec 22, 2021
64413_rns_2021-12-22_f0512784-27ac-498c-ab67-2dd4ce80ba49.pdf
Capital/Financing Update
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ASX Announcement
23 December 2021
Completion of Share Purchase Plan
archTIS Limited (ASX:AR9, OTCQB:ARHLF) (archTIS or the Company) a global provider of innovative software solutions for the secure collaboration of sensitive information, is pleased to announce completion of the Share Purchase Plan ( SPP ), as announced by the Company on 12 November 2021.
The SPP, together with the placement to sophisticated and institutional investors which was completed in November ( Placement ), raised a total of $6,930,563 (being $6.5 million under the Placement, and $430,563 under the SPP), by the issue of 30,132,848 fully paid ordinary shares ( Shares ) at $0.23 per Share, together with 10,044,257 free-attaching Options, each exercisable at $0.35, expiry 23 December 2023 ( Options ).
Daniel Lai, Managing Director and CEO stated, “We are very pleased with the outcome of the capital raise having received strong demand from both domestic and international institutions. The Company is now well funded to continue to execute on its growth strategy. Funds raised will be used to build on prior successes with the Australian Department of Defence by launching Kojensi into key US Federal and UK markets, explore and execute on a proven M&A strategy that strengthens the product offerings, customer and geographical expansion to drive greater ARR, and build pipeline and close opportunities with the Microsoft field through the existing IP Co-sell partnership targeting Defence and other regulated industries.”
Having met the minimum spread requirements for the quotation of the Options under the ASX Listing Rules, the Company is pleased to confirm that it has now applied for quotation of all Options issued under the Placement and the SPP.
Kurt Mueffelmann, Global COO & US President stated , “Our recent quotation on the US-OTCQB enabled four US investors to participate in the raise including a new Top-10 shareholder with a $1M investment, as well as key members of the US executive team. We look forward to leveraging this initial success to grow future US institutional investors as we continue to drive toward triple-digit ARR growth.”
The Company would like to take this opportunity to thank new and existing shareholders for the support, and we look forward to delivering on our growth objectives in 2022 and beyond.
-ENDS-
Authorised for issue by order of the Board of Directors.
For further information please contact:
Company enquiries
Daniel Lai Irena Mroz Managing Director, archTIS CMO, archTIS E: [email protected] E: [email protected]
archTIS Limited | ACN 123 098 671 | 10 National Circuit, Barton, ACT 2600
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AU Investor Relations and Media enquiries Media & Capital Partners E: [email protected]
US Investor Relations and Media enquiries Viriathus Capital E: [email protected]
About archTIS Limited
archTIS Limited (ASX:AR9, OTCQB:ARHLF) is a global provider of innovative software solutions for the secure collaboration of sensitive information. The Company’s award-winning data-centric information security solutions protect the world’s most sensitive content in government, defence, supply chain, enterprises and regulated industries through attribute-based access and control (ABAC) policies. archTIS products include Kojensi, a multi-government certified platform for the secure access, sharing and collaboration of sensitive and classified information; and NC Protect and the cp. suite of products for enhanced information protection for file access and sharing, messaging and emailing of sensitive and classified content across Microsoft 365 apps, Dropbox, Nutanix Files and Windows file shares. For more information, please visit archtis.com or follow @arch_tis on Twitter.
archTIS Limited | ACN 123 098 671 | 10 National Circuit, Barton, ACT 2600