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Novatti Issues 18.2 Million Unquoted Options Under Existing Transaction

Story Highlights
  • Novatti Group has issued 18,181,818 unquoted options at a $0.0275 exercise price.
  • The new options, part of an earlier deal, are unlisted and may dilute shareholders if exercised.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Novatti Issues 18.2 Million Unquoted Options Under Existing Transaction

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Novatti Group ( (AU:NOV) ) has shared an update.

Novatti Group Limited has notified the market of a new issue of unquoted equity securities, comprising 18,181,818 options exercisable at $0.0275 each and expiring on 31 March 2026. These unquoted options, which are not intended to be listed on the ASX, form part of a previously announced transaction and represent a further step in Novatti’s use of equity-linked instruments to support its capital management and incentive structures, with potential future dilution for existing shareholders if exercised.

More about Novatti Group

Average Trading Volume: 567,461

Technical Sentiment Signal: Sell

Current Market Cap: A$18.17M

See more insights into NOV stock on TipRanks’ Stock Analysis page.

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