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IOUpay Limited ( (AU:OVT) ) has provided an update.
Ovanti Limited has notified the ASX of its intention to issue up to 889 million ordinary fully paid shares under a placement or similar capital-raising structure. The proposed shares, to be issued on 24 March 2026, will significantly expand the company’s share base and provide additional funding flexibility, with potential dilution for existing shareholders but increased capacity to support future operational or strategic initiatives.
The company has applied for the new securities to be quoted on the ASX in accordance with listing rules governing disclosure documents and placement issues. This move positions Ovanti to access broader market capital while aligning with regulatory requirements for quotation and reporting, underscoring its ongoing reliance on equity markets to support its corporate objectives.
The most recent analyst rating on (AU:OVT) stock is a Hold 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, listed on the ASX under the code OVT, is a publicly traded company that issues ordinary fully paid shares to investors. The filing indicates its use of standard ASX placement mechanisms to raise capital through the issuance of new equity securities.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.65M
See more insights into OVT stock on TipRanks’ Stock Analysis page.