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IDENTITII LIMITED — Capital/Financing Update 2020
Jul 23, 2020
65097_rns_2020-07-23_fceb0020-2eb8-42f9-a709-23461f8f5147.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT 24 JULY 2020
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Identitii Raises $1.9million to Further Extend Runway
Highlights:
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Shortfall from Identitii’s Entitlement Issue now fully placed
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Additional $1.9million raised to further extend runway
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Majority of Identitii employees participated in the Shortfall offer
24 July, 2020 - Identitii Limited ( Identitii, Company ) (ASX:ID8), the FinTech improving the integrity of data as it moves around the global financial system, advises that is has successfully raised an additional $1.9million, further extending its runway. 85% of existing Identitii team members participated in the placement, which was offered to existing employees. The placement was not available to Directors.
The funds were raised by placing 27,259,400 Residual Shortfall Shares reserved under clause 2.18 of the Entitlement Offer prospectus. The placement was coordinated by Bell Potter and placed to institutional and sophisticated investors, as well as Identitii employees.
The Directors wish to thank all participating shareholders, investors and the Identitii team for their support.
This announcement has been approved and authorised to be given to ASX by the Board of Identitii Limited.
For more information, please contact:
Media Investors Clare Rhodes Michael Kotowicz Director, Marketing and Communications Investor Relations Manager E: [email protected] E: [email protected] P: +61 466 281 000 P: +61 416 233 145
About Identitii
Identitii Limited is enabling a safe, secure and trusted global financial system by improving the integrity of financial information as it travels within and between organisations. Founded in 2014 and headquartered in Sydney, Australia, Identitii is listed on the Australian Securities Exchange (ASX:ID8).
For more information visit: www.identitii.com
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Identitii Limited
ABN 83 603 107 044 129 Cathedral St, Woolloomooloo, NSW 2011, Australia www.identitii.com [email protected]