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An update from Identitii Ltd. ( (AU:ID8) ) is now available.
Identitii Ltd. has announced the dispatch of rights issue documents to shareholders, aiming to raise up to $2.88 million to advance its BNDRY platform and expand sales and marketing efforts. The rights issue is partially underwritten by the company’s largest shareholder, Mr. Cameron Beavis, who has committed to a total investment of up to $2.3 million. This move is expected to bolster Identitii’s financial position, enabling further development and market penetration of its platform.
More about Identitii Ltd.
Identitii Ltd. operates in the financial technology industry, focusing on providing solutions for the secure exchange of information within financial transactions. The company’s primary product is the BNDRY platform, which aims to enhance transparency and compliance in financial services.
Average Trading Volume: 1,479,103
Technical Sentiment Signal: Sell
Current Market Cap: A$4.94M
For an in-depth examination of ID8 stock, go to TipRanks’ Overview page.