Rights Issue Prospectus
27 October 2022
IMPORTANT NOTICE
The prospectus dates 27 October 2022 is important and should be read in its entirety. If, after reading this Prospectus you have any questions about the Securities being offered under this Prospectus or any other matter, then you should consult your professional advisers without delay.
The Securities offered by this Prospectus should be considered as highly speculative.
THE OFFER
Identitii has announced a non-renounceable Rights Issue (Rights Issue) to raise up to $4,024,198 before costs.
Eligible Shareholders can apply for New Shares on the basis of one (1) New Share for every two (2) existing Shares held, at an issue price of $0.04 per New Share, together with a free attaching option on the basis of one (1) option for every two (2) New Shares subscribed. The Options are exercisable at $0.08 and expire two years from the date of issue. Shareholders will also have the opportunity to apply for any unplaced shares (Shortfall) before the offer is closed.
USE OF FUNDS
Proceeds from the Rights Issue will be used for sales and marketing, continued product development, and for working capital and expenses of the Offer.
This includes further increasing customer adoption for Identitii’s cloud-based AUSTRAC reporting platform and completion of the Company’s One Platform rationalisation strategy, which is reducing operational and technology complexity and enabling faster growth.
Key dates
Activity | Indicative Date |
|---|---|
Lodgement of Prospectus with ASX | 27 Oct 2022 |
Lodgement of Prospectus with ASIC | 27 Oct 2022 |
Ex date | 1 Nov 2022 |
Record date for determining entitlements | 2 Nov 2022 |
Offer opens | 7 Nov 2022 |
Closing date | 5 pm AEST 6 Dec 2022 |
Quotation of securities on offer | 13 Dec 2022 |
How to access your personal Entitlement and Access form
The number of Securities to which Eligible Shareholders are entitled is shown on the personalised Entitlement and Acceptance Form which, once open, can be accessed at www.investorserve.com.au. The options available for Eligible Shareholders are set out in the Prospectus.
