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Identi Announces Land Compensation and Preferred Shares Issuance

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Identi Announces Land Compensation and Preferred Shares Issuance

Identi ( (IL:IDNT) ) has shared an announcement.

Identi Company Ltd. announced a deed of compensation related to a land sale transaction, receiving a total compensation of 4,590,000 NIS. The compensation covers third and fourth stages of construction on the land. Additionally, Identi plans to issue preferred shares subject to approval at a shareholder meeting. The issuance conditions and future considerations will be further discussed in this meeting, impacting shareholders and future land transactions.

More about Identi

YTD Price Performance: -9.29%

Average Trading Volume: 196,303

Current Market Cap: ILS57.15M

See more data about IDNT stock on TipRanks’ Stock Analysis page.

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