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archTIS moves to expand foothold in the US with plans for OTCQB listing

Published: 00:37 02 Sep 2021 EDT

archTIS Ltd - archTIS moves to expand foothold in the US with plans for OTCQB listing

archTIS Ltd has retained US-based Viriathus Capital to assist in filing an application to list on the OTCQB® Venture Market.

It believes the filing initiative better supports its stated acquisition strategy for growth.

An OTC listing would make the company’s scrip more attractive to acquiring company targets, while also opening the door to new opportunities to expand footholds in the US.

Promisingly, archTIS believes that pursuing a cross-listing on the OTCQB could bring potential benefits, such as enhanced liquidity and direct market comparisons to US-based competitors.

“Scale secure collaboration technologies”

archTIS managing director and CEO Daniel Lai said: “We are pleased to have initiated the listing process of our common shares on the OTCQB.

“This was commenced following requests from a number of institutional and retail investors in the US wanting to trade in our stock.

“Given that archTIS is a high growth company, with a growing US presence, the board believes that such a listing would support our efforts to scale our secure collaboration technologies across the globe, while not impacting our existing obligations on the ASX.”

The OTCQB venture market

OTC Markets Group Inc. (OTCQX:OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, for 11,000 US and global securities.

This enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors

The OTCQB Venture Market is designed for developing and entrepreneurial companies in the US and abroad. Companies must be current in their financial reporting and undergo an annual verification and management certification process, including meeting a minimum bid price and other financial conditions.

Viriathus’ OTC Advisory service provides international companies listed on qualified exchanges with expert advice on the OTC listing process as well as tactical advice on the appointment of sub-advisors, service providers and timing of listing execution.

“Exchange of choice”

archTIS Global COO and US President Kurt Mueffelmann said: “It’s important for our global investors to have access in both the Australian and US markets without the imposition of meaningful costs on the company.

“A significant number of smaller US funds (often considered large by Australian standards) are unable or unwilling to buy directly into an overseas market.

“Many retail investors are also virtually locked out of trading shares of Australian issuers unless those companies have a US ticker symbol that can be bought in US dollars during US market hours.

“As we continue to introduce archTIS into US and broader global markets, the OTCQB was deemed as the exchange of choice in a number of conversations with key potential institutional and family-fund investors.”

- Ephrems Joseph

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on 02/25/2024