archTIS has successfully raised A$8.7 million through a fully underwritten placement and institutional entitlement offer, backing its strategic acquisition of Spirion LLC assets and expansion plans. A retail entitlement offer is set to follow, aiming to raise an additional A$11.7 million.
- Raised A$8.7 million via placement and institutional entitlement offer
- Funds to support Spirion LLC asset acquisition and growth initiatives
- Strong demand from existing and new institutional investors
- Retail entitlement offer to raise approximately A$11.7 million
- New shares priced at A$0.15 each, settlement expected early September
Capital Raise Completes with Strong Institutional Backing
archTIS Limited, a specialist in secure data collaboration software, has successfully closed its placement and institutional entitlement offer, raising a combined A$8.7 million. This fully underwritten equity raising, priced at A$0.15 per new share, attracted robust demand from both existing institutional shareholders and new domestic and international investors. The capital injection is a significant endorsement of archTIS's strategic direction and growth ambitions.
Funding the Spirion Acquisition and Growth Strategy
The proceeds will primarily fund the acquisition of select assets from Spirion LLC, a move that promises to enhance archTIS's product suite and market reach, particularly in the United States. Beyond the acquisition, the funds will support employee retention and incentive programs, marketing efforts, technology and product development, integration costs, and general working capital. This multifaceted use of capital underscores archTIS's commitment to accelerating its growth trajectory and delivering value to shareholders.
Retail Entitlement Offer to Follow
Following the institutional component, archTIS plans to launch a retail entitlement offer targeting approximately A$11.7 million through the issuance of around 78.2 million new shares. Eligible retail shareholders in Australia and New Zealand will have the opportunity to participate at the same price and ratio as institutional investors, with the option to apply for additional shares subject to scale-back. This retail offer opens on 2 September and closes on 11 September 2025.
Market and Strategic Implications
archTIS’s Managing Director, Daniel Lai, highlighted the strong institutional support as a clear validation of the company’s growth vision and the strategic value of the Spirion acquisition. The capital raise not only provides the necessary funding for this transformational transaction but also positions archTIS to retain key talent and accelerate execution of its growth initiatives globally. Investors will be watching closely how the integration of Spirion’s assets unfolds and how effectively archTIS leverages cross-selling opportunities in its expanding markets.
Bottom Line?
archTIS’s successful capital raise sets the stage for a pivotal expansion phase, with the market keenly awaiting the retail offer outcome and Spirion integration progress.
Questions in the middle?
- How will the Spirion asset acquisition impact archTIS’s product offerings and revenue streams?
- What are the anticipated integration challenges and timelines following the acquisition?
- Will the retail entitlement offer meet its target, and how might this affect share price and dilution?