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ARCHTIS LIMITED — Capital/Financing Update 2021
Sep 1, 2021
64413_rns_2021-09-01_2b9c2b6a-0d49-41b3-a2d1-518d5931ded4.pdf
Capital/Financing Update
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ASX Announcement
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2 September 2021
archTIS Announces Intent to List on the U.S.-based OTCQB
archTIS Limited (ASX:AR9), a global provider of innovative software solutions for the secure collaboration of sensitive information, today announced that the Company has retained US-based Viriathus Capital to assist in filing an application to list archTIS on the OTCQB® Venture Market ("OTCQB"). The filing initiative better supports archTIS’ stated acquisition strategy for growth and the fact that an OTC listing will make the Company’s scrip more attractive to acquiring company targets, while also opening the door to new opportunities to expand footholds in the US.
OTC Markets Group Inc. operates the OTCQX® Best Market, the OTCQB® Venture Market for 11,000 U.S. and global securities. This enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. The OTCQB Venture Market is designed for developing and entrepreneurial companies in the U.S. and abroad. Companies must be current in their financial reporting and undergo an annual verification and management certification process, including meeting a minimum bid price and other financial conditions.
Daniel Lai, Managing Director and CEO of archTIS, said, "We are pleased to have initiated the listing process of our common shares on the OTCQB. This was commenced following requests from a number of institutional and retail investors in the US wanting to trade in our stock. Given that archTIS is a high growth company, with a growing US presence, the Board believes that such a listing would support our efforts to scale our secure collaboration technologies across the globe, while not impacting our existing obligations on the ASX.”
With little additional compliance relative to our ASX listing and non-material costs, the Board also believes that pursuing a cross-listing on the OTCQB could bring other potential benefits, such as enhanced liquidity and direct market comparisons to US-based competitors.
Viriathus’ OTC Advisory service provides international companies listed on qualified exchanges with expert advice on the OTC listing process as well as tactical advice on the appointment of sub-advisors, service providers and timing of listing execution.
Kurt Mueffelmann, Global COO and US President, of archTIS stated, “It’s important for our global investors to have access in both the Australian and U.S. markets without the imposition of meaningful costs on the Company. A significant number of smaller U.S. funds (often considered large by Australian standards) are unable or unwilling to buy directly into an overseas market. Many retail investors are also virtually locked out of trading shares of Australian issuers unless those companies have a U.S. ticker symbol that can be bought in U.S. dollars during U.S. market hours. As we continue to introduce archTIS into U.S. and broader global markets, the OTCQB was deemed as the exchange of choice in a number of conversations with key potential institutional and family-fund investors.”
The listing of the archTIS’ common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements. As more information becomes available, the Company will keep its shareholders up to date on the status of the application.
archTIS Limited| ACN 123 098 671 | 10 National Circuit, Barton, ACT 2600
ASX Announcement
2 September 2021
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-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]
Investor Relations and Media enquiries Media & Capital Partners/Mojo Media E: [email protected]
About archTIS Limited
archTIS Limited (ASX:AR9) 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 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 visit archtis.com.
Follow us on twitter @arch_tis
archTIS Limited| ACN 123 098 671 | 10 National Circuit, Barton, ACT 2600