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An announcement from IOUpay Limited ( (AU:OVT) ) is now available.
Ovanti Limited, a company listed on the ASX, has announced a pro-rata non-renounceable entitlement offer to raise approximately A$5.4 million. This offer allows eligible shareholders to purchase one new share for every two existing shares at a discounted price, with the funds intended for general working capital and covering the costs of the offer. The offer is limited to shareholders in Australia, New Zealand, and Malaysia, and includes a shortfall facility for additional share allocation. The move could potentially dilute the equity interest of shareholders who do not participate.
More about IOUpay Limited
YTD Price Performance: -40.0%
Average Trading Volume: 26,068,707
Technical Sentiment Signal: Buy
Current Market Cap: A$13.51M
See more data about OVT stock on TipRanks’ Stock Analysis page.