BID successfully completed share purchase plan

Bill Identity Limited (ASX: BID) announced the completion of its share purchase plan with valid applications totaling approximately AU$2.2 million. The company closed the SPP offer on 05 May 2022 and follows company successfully securing commitments to raise a total of AU$6.0 million via a two-tranche placement to sophisticated and institutional investors.

The Share Purchase Plan provides eligible shareholders to apply for up to AU$30,000 of new fully paid ordinary shares in the company at AU$0.105 per new share. The company will issue approximately 21.1 million fully paid shares under the SPP, and shares allocated under the SPP will begin trading on Friday, 13 May 2022.

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