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Identitii Ltd. ( (AU:ID8) ) has shared an update.
Identitii Limited has provided a formal undertaking to the Australian Takeovers Panel in relation to an application brought by Mitchell Asset Management concerning the company’s previously announced rights issue. Under the undertaking, Identitii will not issue or allot any new securities under that rights issue without prior Panel approval and must hold all subscription funds received in a segregated account on trust for subscribers until either the proceedings are determined or two months have elapsed, adding a layer of protection for investors and temporarily constraining the company’s capital-raising activities.
The most recent analyst rating on (AU:ID8) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Identitii Ltd. stock, see the AU:ID8 Stock Forecast page.
More about Identitii Ltd.
Identitii Limited is an Australian listed company; the release does not describe its industry, products or services, or market focus.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.16M
See more data about ID8 stock on TipRanks’ Stock Analysis page.