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PARIS, FR / ACCESS Newswire / March 21, 2025 / METAVISIO - THOMSON Computing (Euronext Paris - ticker:ALTHO), a recognized French and European player in technological and IT solutions, is taking a major step forward in its plan to list on the U.S. stock markets.
Following the signing of a strategic agreement with ARC Group Limited at CES in Las Vegas in January 2025, the structuring of the dossier and an in-depth financial analysis have validated the transition to Phase 2 of the IPO process on NASDAQ or NYSE. The process now moves into its operational phase, fully aligned with the agreed timeline and financing plan.
A Structured Preparatory Phase: A Key Step Towards U.S. Listing
Over the past months, teams have been working on several strategic areas, including:
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Analysis of listing options and structuring of the project, with an in-depth study of the most relevant listing vehicle (De-SPAC, IPO, RTO).
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Transfer (delisting) or dual listing, depending on the company's considerations.
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Optimization of financial and accounting elements, including preliminary audit preparations and transitioning accounts to international IFRS standards.
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Preparation of regulatory filings and SEC requirements in collaboration with specialized legal and financial partners.
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Identification of pre-IPO investors and development of a valuation strategy aligned with U.S. market expectations.
A Gradual and Controlled Structuring of the Listing Process
The partnership with ARC Group Limited is based on a multi-phase methodology, with each phase triggering the implementation of key financial and structural milestones:
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Initial phase: Structuring and preparation, representing approximately 20% of the total engagement. This includes corporate restructuring and alignment of financial statements with IFRS and SEC requirements.
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Listing initiation phase: Covering around 30% of the project, including finalization of audits, submission of filings to authorities, and initial discussions with U.S. investors.
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Validation and official submission phase: Representing another 30%, this stage includes roadshows and final compliance before listing.
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Final phase: Accounting for the remaining 20%, this stage involves pricing and the official market launch, including setting the IPO price if applicable.
"The work carried out with ARC Group has fully convinced us of the strategic opportunity that this U.S. listing represents. With this thorough analysis, we are now fully committed to this project, making it our top priority. This listing is a key driver for accelerating our growth and creating value. I am also extremely proud that METAVISIO is among the select companies chosen by ARC Group to be supported in this rigorous process. This validation highlights the interest and potential our company holds in the U.S. market." - Stephan Français, President of METAVISIO