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An announcement from IOUpay Limited ( (AU:OVT) ) is now available.
Ovanti Limited has clarified to the ASX that it is cancelling a previously announced proposed issue of securities, originally lodged on 8 October 2025 and structured as a placement or other type of share issue. The company stated the cancellation stems from shareholders not approving the proposed share issue at the annual general meeting held on 27 November 2025, signalling that equity raising plans via this particular placement will not proceed and maintaining existing capital structure unless a new, shareholder-endorsed proposal is brought forward.
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, is a publicly traded company operating under Australian corporate regulation with an Australian Business Number 11091192871. The specific industry sector, core products, and target markets of Ovanti are not detailed in the released document.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.65M
Learn more about OVT stock on TipRanks’ Stock Analysis page.