Identitii (ASX:ID8) is pleased to announce the successful completion of its Shortfall Offer, raising an additional $491,745 at an issue price of $0.01 per Share, bringing the total capital raised to $2,151,190. SP Corporate Advisory facilitated the placement to new institutional shareholders in Australia and Asia.
CEO John Rayment expressed gratitude to participants and shareholders, emphasising the allocation of fresh capital towards creating shareholder value. The funds raised will be used for working capital, technology partnerships, customer acquisition, data sharing opportunities, and patent litigation.
