Ondo InsurTech Plc ( (GB:ONDO) ) has provided an announcement.
Ondo InsurTech Plc announced an update on its Shares in Issue and Total Voting Rights, revealing that 5,487,679 new ordinary shares were issued in March 2025 due to warrant exercises. The company successfully raised £3.38m from the exercise of nearly all its RTO Warrants, which expired on 21 March 2025, contributing to a total of £4.2m in subscription proceeds. Part of these proceeds will be used to pay down a loan from HomeServe. The company’s issued share capital now comprises 134,164,292 Ordinary Shares, each carrying one vote, providing shareholders with a clear basis for determining their interests under FCA rules.
More about Ondo InsurTech Plc
Ondo InsurTech Plc operates in the insurance technology industry, focusing on claims prevention technology for home insurers. The company is known for its innovative solutions that aid insurers in reducing claims and enhancing customer satisfaction.
YTD Price Performance: -23.75%
Average Trading Volume: 513,145
Technical Sentiment Signal: Sell
Current Market Cap: £39.25M
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