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IOUpay Limited ( (AU:OVT) ) has issued an update.
Ovanti Limited has notified the ASX that it is cancelling a previous Appendix 3B announcement relating to a proposed issue of securities. The company has withdrawn the remaining 256,666,667 securities that had been slated for issue under that proposal, in line with the contractual terms governing the arrangement.
The move alters Ovanti’s anticipated capital structure and suggests a change in its funding or issuance plans compared with what was outlined in June 2025. While the company has not detailed new financing alternatives in this notice, the cancellation means existing shareholders will face less dilution than originally expected under the prior proposal.
The most recent analyst rating on (AU:OVT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on IOUpay Limited stock, see the AU:OVT Stock Forecast page.
More about IOUpay Limited
Ovanti Limited, listed on the ASX under the code OVT, operates as a publicly traded company in Australia. The company is subject to ASX listing rules and disclosure obligations, including the reporting of proposed security issues and changes to its capital management plans.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.65M
Learn more about OVT stock on TipRanks’ Stock Analysis page.