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identitii Limited (ASX:ID8)

ALERT: Price-sensitive ASX Announcement for ID8
Current share price for ID8 : $0.004 0.001 (14.29%)+
Announcement
Release
7 Jul 2026 11:16AM
Price at Release
$0.004
Full Release
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Summary
Identitii Limited has entered into a Convertible Note Facility Agreement with The Blackstone Mercantile Group Ltd. SAC, allowing up to $20 million in funding, subject to shareholder approval. The agreement includes an initial $5 million commitment, with the possibility of an additional $15 million. To manage shareholder dilution, existing shareholders, excluding the Investor, will receive Bonus and Piggyback Options. The investor's ownership is capped at 19.99% to prevent control over the company. Proceeds are intended for BNDRY and global investor marketing. The company aims to reach cash flow breakeven by the end of the next year.
Key Points
  • Identitii Limited signs a $20 million Convertible Note Facility Agreement.
  • The Blackstone Mercantile Group Ltd. SAC is the investor.
  • Initial $5 million guaranteed funding, with potential for $15 million more.
  • Shareholder meeting required for approval.
  • Investor's ownership capped at 19.99%.
  • Bonus and Piggyback Options offered to manage dilution.
  • Funds to support BNDRY and global marketing.
  • Goal to achieve cash flow breakeven by next year.
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.