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Identitii Ltd. ( (AU:ID8) ) has shared an announcement.
Identitii Ltd. has announced an equity raising initiative through a non-renounceable entitlement offer, aiming to raise approximately $2.88 million. The offer allows shareholders to purchase one new share for every two held, priced at $0.007 per share. Beauvais Capital Pty Ltd. has committed to partially underwrite the shortfall, ensuring up to $1.44 million is secured. This move is expected to maintain existing shareholder control if fully subscribed, with no significant impact on company control anticipated.
More about Identitii Ltd.
Identitii Ltd. operates in the financial technology industry, focusing on providing solutions that enhance the transparency and efficiency of financial transactions. The company is known for its innovative products that address compliance and regulatory challenges in financial services, with a market focus on improving data integrity and transaction reporting.
Average Trading Volume: 1,479,103
Technical Sentiment Signal: Sell
Current Market Cap: A$5.76M
See more insights into ID8 stock on TipRanks’ Stock Analysis page.