Response to ASX Price Query
| Stock | Archtis Ltd (AR9.ASX) |
|---|---|
| Release Time | 24 Jun 2025, 12:41 p.m. |
| Price Sensitive | Yes |
archTIS Responds to ASX Price Query
- Company not aware of any undisclosed information that could explain recent trading
- Highlights recent contract wins in US and UK defence markets
- Confirms confidential discussions on potential accretive acquisition in US
- Uncertain if transaction will proceed, no decision on capital raising
archTIS Ltd responds to an ASX price query, stating that it is not aware of any information concerning the company that has not been announced to the market which could explain the recent trading in its securities. The company notes that it has made two recent announcements regarding the entry into initial contracts in the US and UK markets, which it believes investors have recognized as significant opportunities for the company's expansion. The company also confirms that it has been undertaking confidential due diligence on a prospective accretive acquisition of a US-based technology business, but states that this transaction remains materially uncertain and no guarantee can be made that it will proceed. The company indicates that if the transaction does proceed, it may look to finance it through a combination of cash, customer contracts, and potentially a capital raising, though no final decision has been made. The company reiterates that it is complying with its continuous disclosure obligations under the Listing Rules.