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Identitii Ltd. ( (AU:ID8) ) has shared an update.
Identitii has secured a $0.6 million R&D loan facility from Kashcade to support business operations as sales of its BNDRY platform accelerate, particularly in Australia’s clubs and pubs sector and with a new payments and financial services infrastructure customer. The loan is expected to be repaid from an anticipated $0.8 million FY25 R&D rebate due this quarter and complements an underwritten rights issue targeting up to $2.9 million in fresh capital, moves that collectively extend the company’s funding runway and position it to capitalise on rising commercial contracts and usage-based revenue through 2026.
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 Limited is an Australian financial technology company focused on fighting financial crime by improving the use and security of financial data. Through its BNDRY platform and related solutions, the company targets complex, interconnected financial ecosystems, helping organisations such as payments providers and venues like clubs and pubs to build trust, protect their businesses and customers, and make financial data more intelligent and easier to utilise.
Average Trading Volume: 3,067,056
Technical Sentiment Signal: Sell
Current Market Cap: A$5.41M
For an in-depth examination of ID8 stock, go to TipRanks’ Overview page.