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- Identitii (ID8) ends the week in a trading halt as it plans an upcoming capital raise
- The company has not released any details about how much it is planning to raise or where the money will be spent
- Company shares will be paused until Tuesday, October 26, or when more details on the raise are released to the market, whichever one comes first
- On the market, Identitii last traded at 18 cents per share
Identitii (ID8) has entered into a trading halt as it plans an upcoming capital raise.
The company has not released how much it plans to raise or where the funds will be spent.
Under the halt, company shares will be paused until Tuesday, October 26, or when more details on the raise are released to the market, whichever one comes first.
Identitii is an Australian-based software company that is focused on eliminating anti-money laundering and counter-terrorist financing for financial services businesses.
Recently, the company signed a master technology agreement and a three-year licensing agreement with Standard Chartered Australia (SCB).
Under the agreement, SCB will licence Identitii’s new software-as-a-service platform initially in Australia.
SCB is the second global correspondent bank to sign a master technology services agreement and the fourth global brand to sign a multi-year contract with Identitii.
On the market, Identitii last traded at 18 cents per share.
