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archTIS Limited (ASX:AR9)

ALERT: Price-sensitive ASX Announcement for AR9
Current share price for AR9 : $0.052 -0.093 (-64.14%)+
Announcement
Release
2 Sep 2025 10:08AM
Price at Release
$0.145
Full Release
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Summary
archTIS Limited, a provider of data-centric software solutions, announced an Entitlement Offer to raise approximately $17 million. This offer, which includes both institutional and retail components, aims to fund the acquisition of Spirion LLC, a U.S.-based data security company. The acquisition will enhance archTIS' product portfolio with Spirion's advanced data discovery and classification capabilities, expanding its presence in the U.S. market. The offer opened on 2 September 2025 and is set to close on 11 September 2025, with funds also supporting staff retention programs.
Key Points
  • archTIS Limited announced an Entitlement Offer to raise approximately $17 million.
  • The retail component of the Entitlement Offer is a non-renounceable pro-rata 1-for-3 offer.
  • The Entitlement Offer aims to fund the acquisition of Spirion LLC, a U.S.-based data security company.
  • Spirion LLC acquisition will expand archTIS' U.S. market presence.
  • The acquisition will enhance archTIS' product offerings with Spirion's data discovery and classification capabilities.
  • The Entitlement Offer opened on 2 September 2025 and will close on 11 September 2025.
  • The offer includes issuing shares under both Institutional and Retail Entitlement Offers.
  • archTIS aims to leverage Spirion's customer base for cross-selling opportunities.
  • The acquisition is strategically aligned with archTIS' recent contract win with the U.S. Department of Defense.
  • Funds raised will also support executive and staff retention programs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.