Australia's Identitii hits record low after legal blow for US proceedings

identitii

01/06/2026 05:02

** Shares of Identitii ID8.AX fall as much as 40% to a record low of A$0.003
** Stock logs biggest intraday pct drop since mid May 2020
** Regulatory tech firm says the U.S. District Court of Delaware district issued JPMorgan Chase JPM.N the motion to dismiss co's proceedings
** Proceedings regarding U.S. patent infringement claim against JPMorgan Chase
** Adds co intends to appeal court decision
** More than 4.6 million shares change hands, 7.5 times the 30-day average
** Stock down 16.7% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))