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The latest update is out from IOUpay Limited ( (AU:OVT) ).
Ovanti Limited has lodged an Appendix 3B with the ASX detailing a proposed placement or other form of securities issue. The company plans to issue up to 260,169,827 options in a new class of listed securities, with a proposed issue date of 28 May 2026.
The options, which will be quoted on the ASX subject to approval, are intended to expand Ovanti’s capital base and provide additional financial flexibility. The move signals the company’s continued use of equity-linked instruments to fund its strategic objectives and may lead to dilution for existing shareholders depending on eventual exercise and allocation terms.
More about IOUpay Limited
Ovanti Limited, listed on the ASX under the code OVT, is an Australian-listed entity that issues and manages securities within the public capital markets. The company uses placements and other security issues to access equity funding and support its corporate and operational activities.
Average Trading Volume: 3,603,934
Technical Sentiment Signal: Sell
Current Market Cap: A$4.29M
Find detailed analytics on OVT stock on TipRanks’ Stock Analysis page.