• Successful completion of $8.7M Placement and Institutional Entitlement Offer
• Proceeds to fund Spirion acquisition, employee retention, and growth initiatives
• Strong demand from existing and new institutional investors

archTIS Limited (ASX:AR9, OTCQB:ARHLF), a global provider of data-centric software solutions for the secure collaboration of sensitive information, has announced the successful completion of a Placement and the institutional component of an equity raising. The Placement and Institutional Entitlement Offer raised total proceeds of A$8.7M (before costs). Under the Placement, A$3.5M was raised through the issue of approximately 23.3 million new shares at A$0.15 per share. The Institutional Entitlement Offer raised A$5.2M through the issue of approximately 34.9 million new shares at the same offer price. The offering attracted strong demand from both existing institutional shareholders of archTIS and several new domestic and international institutional investors. The proceeds from the Placement and Institutional Entitlement Offer will be used to help fund the acquisition of select assets of Spirion LLC, employee retention and incentive schemes, cross-sell opportunities and marketing, technology and product development, integration costs, working capital requirements, and costs of the Acquisition and Offer. archTIS Managing Director, Daniel Lai, commented that the strong support from both existing and new institutional investors is a clear endorsement of the company's strategy, the Spirion Acquisition, and its growth vision in the U.S. and globally.