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identitii Limited (ASX:ID8)

ALERT: Price-sensitive ASX Announcement for ID8
Current share price for ID8 : $0.003 -0.004 (-57.14%)+
Announcement
Release
5 Mar 2026 8:25AM
Price at Release
$0.007
Full Release
download
Summary
Identitii Limited announced the closure of its recent Rights Issue, raising $379,336 before costs, with a remaining shortfall of $2,501,211. The Rights Issue offered existing shareholders the option to purchase one new share for every two shares held, at a price of $0.007 per share, aiming to raise a total of $2,880,547. The company plans to use the funds raised for working capital, with a focus on scaling sales and marketing efforts for BNDRY's platform. The Shortfall Offer allows existing shareholders a priority in the allocation of remaining shares, with the allocation policy adjusted due to a Takeovers Panel order. The underwriting agreement was terminated, increasing the shortfall available for placement. Identitii's mission is to combat financial crime by improving the use of financial data, and the announcement was authorized by the company's CEO.
Key Points
  • Rights Issue closed on 2 March 2026.
  • Raised $379,336 with a shortfall of $2,501,211.
  • Share price for Rights Issue and Shortfall Offer set at $0.007.
  • Funds to be used for working capital and BNDRY's platform scaling.
  • Shortfall Offer gives priority to existing shareholders.
  • Takeovers Panel influenced the Shortfall Shares allocation policy.
  • Underwriting agreement with Beauvais Capital terminated.
  • Shortfall Shares can be issued until 2 June 2026.
  • Identitii focuses on fighting financial crime through improved data usage.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.