Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Identitii Ltd. ( (AU:ID8) ) just unveiled an update.
Identitii has closed its partially underwritten pro-rata, non-renounceable rights issue, receiving applications for 186.7 million new shares and raising approximately $1.31 million, below the maximum targeted $2.88 million. The shortfall was underwritten by the company’s largest shareholder, and an application lodged with the Takeovers Panel regarding the rights issue may delay the planned issue of new shares and has led to the voluntary suspension of the deferred settlement securities, with the company indicating it will update shareholders and the market as further information becomes available.
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 Ltd is a financial technology company focused on combating financial crime by improving the use and security of financial data. It develops technology solutions that make financial information more secure, intelligent and easier to utilise, helping organisations build trust and protect their businesses and customers in increasingly complex and interconnected financial ecosystems.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.99M
Find detailed analytics on ID8 stock on TipRanks’ Stock Analysis page.