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IOUpay Limited ( (AU:OVT) ) has issued an announcement.
Ovanti Limited has completed its non-renounceable entitlement offer, initially announced on April 10, 2025, which closed on May 2, 2025. The offer allowed eligible shareholders to subscribe for additional shares, aiming to raise approximately $5.4 million. Despite a significant shortfall in the shares applied for, the company retains the option to place the remaining shares within three months. This move is part of Ovanti’s broader strategy to strengthen its financial position as it expands its fintech and digital commerce operations, particularly in the USA.
More about IOUpay Limited
Ovanti Limited (ASX:OVT) is a fintech and digital commerce software solutions provider. The company specializes in secure authentication and transaction processing services for institutional clients, with a focus on mobile banking and digital payments. Ovanti serves leading banks and large telecommunications companies in Malaysia and Indonesia, and is expanding its ‘buy now, pay later’ services into the USA.
YTD Price Performance: -40.0%
Average Trading Volume: 34,313,436
Technical Sentiment Signal: Buy
Current Market Cap: A$10.81M
For a thorough assessment of OVT stock, go to TipRanks’ Stock Analysis page.