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Identitii Clarifies Shareholder Eligibility for Rights Issue Offer

Story Highlights
  • Identitii confirmed its rights issue offer is available to all existing shareholders of the company.
  • The company detailed which overseas jurisdictions can participate in the offer, aligning the capital raise with local securities regulations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Identitii Clarifies Shareholder Eligibility for Rights Issue Offer

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Identitii Ltd. ( (AU:ID8) ) just unveiled an update.

Identitii Ltd has clarified that its previously announced rights issue offer is available to all shareholders of the company, updating its disclosure to remove any ambiguity about eligibility. The company has also amended the offer document to specify exactly which overseas jurisdictions may participate—allowing shareholders in Australia, New Zealand, Bermuda, Canada, Germany, Hong Kong, Singapore, the United States and the United Kingdom to receive new shares—while excluding other countries where compliance with local securities laws would be impracticable; the update details specific regulatory frameworks for New Zealand, Germany and Hong Kong, underscoring the company’s attempt to ensure the capital raising proceeds in line with cross-border securities regulations and imposes responsibility on nominees to confirm compliance for beneficial holders overseas.

More about Identitii Ltd.

Identitii Ltd (ASX: ID8) is an Australia-based listed company, though this announcement does not provide further detail on its industry, products or services.

Average Trading Volume: 1,479,103

Technical Sentiment Signal: Sell

Current Market Cap: A$4.94M

See more data about ID8 stock on TipRanks’ Stock Analysis page.

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