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An announcement from IOUpay Limited ( (AU:OVT) ) is now available.
Ovanti Limited has announced a significant strategic move by executing a Letter of Intent with Miluna Acquisition Corp, a Nasdaq-listed SPAC, to list its U.S. BNPL subsidiary, Ovanti US, as a standalone entity on Nasdaq. The transaction values Ovanti US at $300 million, with Ovanti retaining majority control. This move is expected to enhance Ovanti’s market positioning and provide substantial value to its shareholders, with the potential to significantly impact its operations and industry standing.
The most recent analyst rating on (AU:OVT) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on IOUpay Limited stock, see the AU:OVT Stock Forecast page.
More about IOUpay Limited
Ovanti Limited operates in the financial technology industry, focusing on ‘Buy Now, Pay Later’ (BNPL) services through its U.S. subsidiary, Ovanti US Inc., trading as Flote. The company is primarily engaged in providing flexible payment solutions and is expanding its market presence in the United States.
Technical Sentiment Signal: Sell
Current Market Cap: A$33.09M
See more data about OVT stock on TipRanks’ Stock Analysis page.