Archtis Limited

Archtis Limited (Proposed ASX Code: AR9) planned to raise $8m minimum through the Initial Public Offering (IPO) by issuing 40,000,000 shares at A$0.20. However, the company also indicated to accept oversubscriptions of up to a further 10,000,000 Shares at an issue price of $0.20 per share to raise up to a further $2,000,000.
 
Archtis is a Canberra-based ‘secure information sharing’ company formed to combat the challenge of how to share information, whilst avoiding it falling into the wrong hands. Therefore, the company has specialization to secure information sharing and is currently developing its key product Kojensi, which was initially developed for the Australian Department of Defence. Kojensi is formed to achieve two aims, that includes securing information at the same time as enabling information sharing. The company plans to commercialise through its Kojensi product. The company through pre-IPO fund raising activities has used the proceeds for the initial alpha release of the Company’s secure information sharing capability hosted in the Amazon cloud (AWS), expanded the development and sales capability and established the software development capability in Prague. Further, the company has signed the contracts for the maintenance of a capability in the Australian Defence Department and support  the Government of Papua New Guinea and  established the relationships with global partners who want to introduce us to their strategic clients, as well as to trial the Kojensi cloud product (which is currently in development) themselves. Moreover, Archtis has received income from providing consulting services and system integration services to meet the special security needs of government clients. During the past six years, the company has generated revenues of approximately $13 million through the services, based on the specific requirements and timeframes of each customer project. After the listing on ASX, the company will be able to generate additional revenues from the commercial sales, licensing and delivery of Kojensi and DataKloak, which are the company’s software products that enable secure information sharing in the cloud and within organisations.  However, these products are currently under development.
The listing is under a close watch.
 

Indicative timetable (Source: Company Reports)
 

PM Capital Go 2025 Limited

PM Capital Go 2025 Limited (Proposed ASX Code: P25) is a wholly owned subsidiary of PM Capital Global Opportunities Fund Limited  and PGF. The PM Capital Global Opportunities Fund Limited and its subsidiary planned to issue a next generation LIC security designed especially for retail investors, to be known as PTrackERS (Portfolio Tracking Exchangeable Redeemable Security (Converting Security)). PM Capital has 20 years of experience of managing global equities. Since its inception in 1998, the PM Capital Global Companies Fund has doubled the annualised returns of the MSCI World Net Total Return Index (AUD) Funds and mandates managed by PM Capital using an investment strategy consistent with PGF Ranked #1 in their peer group for performance to 31 Dec 2017 over 5, 6, 7, 8, & 9 years. The company planned to raise minimum of $105,000,000 through the issue of 75,000,000 PTrackERS and maximum to raise $491,273,967.80 through the issue of 350,909,977 PTrackERS. The PTrackERS were to be exchanged for fully-paid Ordinary Shares of PM Capital Global Opportunities Fund Limited in June 2025, unless a redemption election was exercised. The lead manager to this issue was Morgans Financial Limited and the joint lead managers to this issue included Morgan Stanley Australia Securities Limited and Ord Minnett Limited.
 
The primary purpose of the IPO was to provide PGF and its subsidiary, the Company, with additional capital so that they could expand existing investments upon Exchange of the PTrackERS and to increase the operational efficiency of PGF. Moreover, investing in IPO could have provided access to PM Capital who has broadened the research coverage through engagement of Lonsec, Zenith and IIR and interaction with broker researchers. PM Capital has access to new brand and website, increased content & insight pieces, expanded sales team, advertisements to increase awareness, increased industry engagement, increased media engagement, engagement in Wealth Insights to undertake Market Research, form new CRM and new email digital automation tool. Further, the investors could invest in a concentrated high conviction set of global companies that PM Capital considers to be undervalue, and has an aim to create long term wealth by finding and exploiting investment anomalies around the world. The group manages this with a 7-year investment horizon, consistent with PM Capital’s recommended investment horizon across all global mandates it manages, focusing on PM Capital’s assessment of a company’s long-term value, regardless of its benchmark weighting. However, with being unable to meet the minimum subscription requirement, the listing has been under doldrums.

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