Ovanti Completes 20-for-1 Capital Consolidation to Streamline Register

An update from IOUpay Limited ( (AU:OVT) ) is now available.

Ovanti Limited has completed a 20-to-1 consolidation of its issued capital, reducing its ordinary shares to 477,049,389 and proportionally consolidating multiple series of listed options. The move, approved at a recent extraordinary general meeting, simplifies the company’s capital structure and may improve trading dynamics by tightening the share base and aligning securities ahead of its ongoing fintech expansion in Asia and the U.S.

Fractional entitlements of 0.5 and above were rounded up to the nearest whole security, and post-consolidation trading began on a deferred settlement basis on 1 April 2026, with new holding statements dispatched to shareholders. The consolidation reflects a strategic clean-up of Ovanti’s register that could enhance market perception and facilitate capital management as the company pursues growth in digital payments and BNPL services.

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 is a fintech and digital commerce software provider whose core platform enables institutional clients to authenticate end users and process banking, purchase and payment transactions via mobile devices. The company operates mobile banking and digital payments divisions serving leading banks in Malaysia and major telecom and corporate customers in Malaysia and Indonesia, and is expanding its buy now, pay later services into the United States, leveraging long-standing relationships with large banking clients.

Average Trading Volume: 3,284,452

Technical Sentiment Signal: Sell

Current Market Cap: A$5.25M

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