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The latest announcement is out from archTIS Ltd. ( (AU:AR9) ).
archTIS Limited has announced a fully underwritten accelerated non-renounceable entitlement offer to raise approximately A$16,962,849. This offer allows shareholders to purchase one new share for every three shares held at an issue price of $0.15 per share. The entitlement offer aims to strengthen the company’s financial position and support its strategic initiatives, although ineligible shareholders outside Australia and New Zealand will not be able to participate. The move is expected to have a significant impact on archTIS’s operations by providing additional capital to drive growth and enhance its market positioning in the information security industry.
The most recent analyst rating on (AU:AR9) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on archTIS Ltd. stock, see the AU:AR9 Stock Forecast page.
More about archTIS Ltd.
archTIS Limited is a global provider of data-centric software solutions designed for the secure collaboration of sensitive information. The company offers award-winning information security solutions that protect sensitive content in sectors such as government, defense, supply chain, enterprises, and regulated industries through attribute-based access and control policies. Their products include archTIS Trusted Data Integration, Kojensi, and NC Protect, which enhance information protection across various platforms.
Average Trading Volume: 1,576,683
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$54.28M
For detailed information about AR9 stock, go to TipRanks’ Stock Analysis page.