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Identitii: Raises $4M to speed-up sales

November 26, 2020

Fintech company Identitii (ID8) has received binding commitments to raise $4 million via an oversubscribed placement
Roughly 27.5 million shares will now be issued to sophisticated and institutional investors at 14.6 cents
The company has also announced it will undertake a share purchase plan to raise an additional $2 million
Eligible shareholders will be able to subscribe for up to $30,000 worth of shares at 14.6 cents
Identitii will use the money from both the placement and SPP to speed-up its sales, marketing, and product activities
Shares in ID8 have dropped 10 percent on the market, currently trading at 18 cents