Identitii (ASX:ID8) has twice extended the timetable for an offer of Bonus Options and piggyback options, according to two announcements lodged in late August and early September 2026. That is the main verifiable development, and little else could be confirmed in the time available.

What the company does

Identitii Limited, a Sydney-based company, describes its mission as helping organisations build trust, protect businesses and customers, and prevent financial crime through better use of financial data. John Rayment is chief executive and managing director. Its customer revenue, cash position and recent burn were not found in the documents reviewed, so no view is offered on its financial health.

The option offers

Shareholders approved the bonus option and piggyback option arrangements at a general meeting on 12 August 2026. A 25 August announcement set a first revised timetable, with the offer to be announced and a prospectus lodged on 8 September. A second announcement on 8 September pushed the dates out again.

Under the 8 September timetable, the offers were to be announced and the prospectus lodged with ASIC and ASX on 6 October 2026, with a bonus option ex-date of 9 October and a Record Date of 12 October. Bonus options were due to be issued at midday on 19 October 2026. Bonus options could first be exercised from 20 April 2027 and expire on 20 May 2027. The piggyback offer opens on 20 April 2027, closes on 20 May 2027 and issues options that expire on 18 June 2027.

The announcements did not disclose the option ratio, exercise price or number of options. Options typically bring new shares into existence if exercised, so they can dilute existing holders, but the extent cannot be assessed here. Whether the 19 October issue went ahead as scheduled has not been verified.

Risks and what to check

Readers should check the prospectus and Appendix 3B on the ASX platform for terms, and the latest Appendix 4C Quarterly Report for cash receipts and burn. Regulatory technology and financial-crime software are competitive sectors with long sales cycles, but no company-specific data supports further comment.