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archTIS Ltd. ( (AU:AR9) ) just unveiled an update.
archTIS Limited has successfully closed its fully underwritten Retail Entitlement Offer, raising approximately $2.18 million through applications for 14,535,288 new shares. The total capital raised from the Retail Entitlement Offer, Institutional Entitlement Offer, and Placement amounts to $20.46 million, which will be used for the acquisition of Spirion LLC’s key business assets, employee incentives, integration, and other related costs. This strategic move is expected to bolster archTIS’s market position and expand its capabilities in secure data collaboration.
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’s award-winning security solutions are utilized in government, defense, supply chain, enterprises, and regulated industries, employing 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: 1,723,786
Technical Sentiment Signal: Buy
Current Market Cap: A$81.69M
Find detailed analytics on AR9 stock on TipRanks’ Stock Analysis page.