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ASX Queries Ovanti Limited on Financial Forecasts and Disclosures

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ASX Queries Ovanti Limited on Financial Forecasts and Disclosures

IOUpay Limited ( (AU:OVT) ) has shared an update.

Ovanti Limited (ASX: OVT) is under scrutiny by ASX Compliance regarding its prospective financial forecasts and related disclosures. The ASX has raised concerns about the incomplete representation of financial plans and has requested Ovanti to provide a detailed supplementary announcement. This includes material assumptions, risks, and any other necessary information to give investors a clear understanding of the impact on the company’s securities. Additionally, Ovanti has confirmed its plans for a new CEO hire and clarified its License Agreement with BNPL Pay Holdings Foundation, a Panamanian entity, as not involving related parties.

More about IOUpay Limited

YTD Price Performance: -40.0%

Average Trading Volume: 25,656,789

Technical Sentiment Signal: Buy

Current Market Cap: A$13.51M

Learn more about OVT stock on TipRanks’ Stock Analysis page.

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