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- archTIS (AR9) has entered a trading halt ahead of an upcoming capital raise
- At this stage, it is unclear how much the company is aiming to raise and what the funds will be used for
- Company shares will be paused until Thursday, November 12, or when more details about the capital raise are released to the market
- Last month, the company announced it would purchase global protection business, Nucleus Cyber, for nearly $10 million in archTIS shares
- archTIS last traded on the market for 39 cents on November 9
archTIS (AR9) has entered a trading halt ahead of an upcoming capital raise.
At this stage, it is unclear how much the company is aiming to raise and what the funds will be used for.
Company shares will be paused until Thursday, November 12, or when more details about the capital raise are released to the market.
archTIS is a global technology business focused on protecting sensitive information, particularly in the government and defence industries.
Last month, the company announced it would purchase global protection business, Nucleus Cyber, for $9.75 million in archTIS shares.
Nucleus Cyber provides advanced information protection solutions to prevent data loss and protect against insider threats across the Microsoft software suite.
The acquisition will create a global geographically diverse company that supports archTIS’ strategy to become the world’s premier provider of policy enforced access control platforms for securing and sharing digital information.
In September, archTis signed its largest contract, worth $4.2 million, with the Australian Department of Defence.
Under this agreement, archTIS will lead risk reduction activity and provide three licences to its Kojensi platform, a digital database for sharing classified information.
archTIS last traded on the market for 39 cents on November 9.
