IOUpay Limited (AU:OVT) has released an update.
Ovanti Limited is set to raise $2.030 million through a non-renounceable rights issue, offering shareholders the opportunity to buy additional shares at a significant discount, with the aim to fund working capital and cover litigation and investigation costs. With shares priced at $0.004 each, the offer reflects a 52.9% discount to the recent volume-weighted average, allowing investors to increase their stake in the company equitably. The offer, which does not require minimum subscription, will open on August 20, 2024, and close on September 3, 2024.
For further insights into AU:OVT stock, check out TipRanks’ Stock Analysis page.
