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Ondo InsurTech Announces Expiration and Exercise of Investor Warrants

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Ondo InsurTech Announces Expiration and Exercise of Investor Warrants

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The latest update is out from Ondo InsurTech Plc ( (GB:ONDO) ).

Ondo InsurTech Plc announced the expiration of its Investor Warrants, issued during its 2021 listing. Out of 7,880,000 warrants, 7,135,000 were exercised, generating funds to partially repay HomeServe Assistance Limited Loan Notes and support working capital. The new shares will be listed on the London Stock Exchange, increasing the company’s share capital to 134,354,292 ordinary shares.

Spark’s Take on GB:ONDO Stock

According to Spark, TipRanks’ AI Analyst, GB:ONDO is a Neutral.

Ondo InsurTech Plc’s overall score reflects significant financial challenges, including negative profitability and high leverage. Despite revenue growth and positive corporate events, technical indicators and valuation uncertainty weigh on the stock’s outlook.

To see Spark’s full report on GB:ONDO stock, click here.

More about Ondo InsurTech Plc

Ondo InsurTech Plc is a leading provider of claims prevention technology for home insurers, focusing on the global expansion of LeakBot, a patented solution that prevents water damage claims. The company partners with major insurance carriers across Europe and the USA and holds the London Stock Exchange Green Economy Mark.

Average Trading Volume: 583,115

Technical Sentiment Signal: Hold

Current Market Cap: £33.71M

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

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