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Identitii Ltd. ( (AU:ID8) ) has issued an update.
Identitii Ltd. has announced a non-renounceable rights issue to raise up to $2.9 million, with an underwriting agreement for up to $2.3 million from its largest shareholder, Cameron Beavis. The funds will be used to accelerate the commercial rollout of their BNDRY platform, deepen integrations, and capitalize on market opportunities, reflecting the company’s strategic focus on growth and expansion in the financial technology sector.
More about Identitii Ltd.
Identitii Ltd. operates in the financial technology industry, focusing on providing solutions for regulated businesses, particularly in the payments and financial services sectors. The company is known for its platform, BNDRY, which is designed to meet the needs of businesses seeking compliance solutions.
Average Trading Volume: 1,479,103
Technical Sentiment Signal: Sell
Current Market Cap: A$5.76M
For a thorough assessment of ID8 stock, go to TipRanks’ Stock Analysis page.