tiprankstipranks

Ovanti Limited Announces Significant Pro Rata Securities Issuance

Story Highlights

IOUpay Limited ( (AU:OVT) ) has provided an update.

Ovanti Limited has announced a proposed issuance of 1,350,773,927 ordinary fully paid securities as part of a standard pro rata issue. This non-renounceable issuance is set to take place with an ex-date of April 14, 2025, and an offer closing date of May 2, 2025, potentially impacting the company’s market position by increasing its capital base and providing more liquidity for its operations.

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

For a thorough assessment of OVT stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App