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The Canberra-based cyber security company’s shares are now available via a US trading platform.
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Local data and information security provider archTIS has launched on the OTCQB, a US trading platform operated by the OTC Markets Group in New York.
The company’s shares are now available for quotation, enabling institutional and retail investors to fund the group’s international expansion.
“We believe this move will help support our efforts to scale our secure collaboration technologies across the globe and diversify our shareholder base, without impacting our existing ASX obligations,” Daniel Lai, archTIS managing director and CEO, said.
To qualify for the OTCQB, archTIS was required to meet financial and securities reporting standards, pass a bid test, and will undergo annual verification.
Kurt Mueffelmann, archTIS global COO and US president, said the company has received strong initial interest from US investors.
“As our business continues to expand on a global basis, we’re establishing deep roots in the US with the presence of key corporate executives and a major focus on US expansion, including federal agencies and defence contractors,” Mueffelmann added.
“The OTCQB listing only further confirms that commitment.”
The company’s shares will retain their primary listing on the ASX as ‘AR9’, with a secondary quotation on the OTCQB under the ‘ARHLF’ symbol.
Viriathus Capital LLC acted as the company’s OTCQB adviser, with MCAP Securities LLP acting as the company’s OTCQB sponsor.
[Related: archTIS awarded national intelligence and law enforcement agency contract]
