Archer Materials Receives A$15 Million ($10.9M USD) Funds in an Institutional Placement for New S...

In addition to the new funding of A$15 million the company is seeking to raise an additional A$5 million ($3.6 million) from existing eligible shareholders who are residents of Australia or New Zealand. The funds will be used to continue development of Archer’s 12CQ quantum computing chip and lab-on-a-chip biochip technologies, infrastructure and facilities, protecting Archer's intellectual property, establishing and strengthening commercial partnerships and general working capital. Additional information about this new share placement can be found in a news release posted on the Archer website here.

October 4, 2021