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Identitii Converts Debt to Equity, Adjusting Shareholder Stakes

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Identitii Converts Debt to Equity, Adjusting Shareholder Stakes

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An announcement from Identitii Ltd. ( (AU:ID8) ) is now available.

Identitii Limited has issued 45 million fully paid ordinary shares at $0.09 each, raising $405,000 as part of settling an $800,000 loan from Beauvais Capital. This issuance increases Cameron Beavis’s stake to 29.92% of the company’s total capital, staying within legal limits and potentially impacting company control dynamics.

More about Identitii Ltd.

Identitii operates in the financial technology industry, offering a platform called BNDRY that aids product, risk, and compliance teams in managing customer interactions. The company focuses on creating connected ecosystems to provide a comprehensive view of customer risk and related activities.

Technical Sentiment Signal: Sell

Current Market Cap: A$7M

For detailed information about ID8 stock, go to TipRanks’ Stock Analysis page.

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