Identitii (ASX:ID8) completion of Shortfall Offer

Identitii (ASX:ID8) has successfully completed its Shortfall Offer, receiving firm bids for all the remaining shortfall from its recent Rights Issue. The company raised a further $491,745 at the issue price of $0.01 per Share, bringing the total capital raised under the Rights Issue to $2,151,190 before costs.

Executive Commentary on Shortfall Offer Completion

John Rayment, CEO of Identitii, expressed his gratitude to the participants in the Shortfall Offer and the ongoing support of the Company's shareholders. He highlighted the exciting developments within the Company and emphasized the allocation of the fresh capital towards creating shareholder value. The funds raised will be utilized for working capital, pursuing technology partnership opportunities, capitalizing on validated opportunities in the data sharing space, and ensuring the patent litigation claim continues.

Summary of Identitii's Shortfall Offer Completion

Identitii (ASX:ID8) has successfully completed its Shortfall Offer, with firm bids received for all remaining shortfall from its recent Rights Issue. The total capital raised under the Rights Issue amounts to $2,151,190 before costs. The funds raised will be used for working capital, pursuing technology partnership opportunities, capitalizing on validated opportunities in the data sharing space, and ensuring the patent litigation claim continues. CEO John Rayment expressed gratitude to the participants and shareholders, highlighting the allocation of fresh capital towards creating shareholder value. Identitii's mission to seamlessly connect the world's payment data remains a key focus, with the belief that the future of digital commerce will be enabled by greater access to, and sharing of, payments data within and across boundaries.