The latest update is out from IOUpay Limited ( (AU:OVT) ).
Ovanti Limited has announced a non-renounceable rights issue, offering one new share for every two existing shares at $0.004 per share, aiming to raise approximately $5.4 million. This initiative is part of Ovanti’s strategy to enhance its financial position and support its expansion into the USA market, potentially strengthening its industry positioning and offering new opportunities for stakeholders.
More about IOUpay Limited
Ovanti Limited (ASX: OVT) is a fintech company providing digital commerce software solutions and services. The company specializes in secure authentication and transaction processing for institutional clients, with a focus on mobile banking and digital payments. It operates primarily in Malaysia and Indonesia, serving leading banks, telcos, and corporates. Ovanti is expanding its operations into the USA market with buy now, pay later services.
YTD Price Performance: -40.0%
Average Trading Volume: 27,532,170
Technical Sentiment Signal: Buy
Current Market Cap: A$10.81M
For a thorough assessment of OVT stock, go to TipRanks’ Stock Analysis page.