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- Computer security company archTIS (AR9) has completed its share purchase plan and raised more than $590,000
- Approximately 10.7 million new shares will now be issued to successful applicants at a price of $0.055 per share
- The share purchase plan opened in mid-May, closed on June 9, and shares will be issued by June 15
- archTIS will use the money to accelerate its commercialisation strategy and increase the uptake of its Kojensi Platform in the defence, space, and education sectors
- Kojensi is a secure contract and collaboration platform that is used to share sensitive and classified files and documents
- archTIS has dropped 7.02 per cent and shares are currently trading for 5.3 cents each
Computer security company archTIS (AR9) has completed its share purchase plan and raised $590,750, before costs.
Approximately 10.7 million new shares will now be issued to successful applicants at a price of $0.055 per share.
The company opened its share purchase plan in mid-May and followed on from the successful $1.65 million placement.
It closed on June 9 and shares will be issued by June 15.
“Following the successful placement of $1.65 million we wanted to ensure that all our existing shareholders that had not participated in the placement had the opportunity to invest via the share purchase plan,” CEO Daniel Lai said.
“This successful capital raising provides archTIS a strong cash position moving forward and allows us to get on with executing our strategy,” he added.
archTIS will use the money from both the placement and share purchase plan to accelerate its commercialisation strategy and increase the uptake of its Kojensi Platform in the defence, space, and education sectors.
Kojensi is a secure contract and collaboration platform that is used to share sensitive and classified files and documents.
archTIS has dropped 7.02 per cent and shares are trading for 5.3 cents each at 1:24 pm AEST.
