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The latest update is out from IOUpay Limited ( (AU:OVT) ).
Ovanti Limited has lodged details of a proposed capital raising with the ASX, outlining plans to issue up to 520,339,653 new ordinary fully paid shares. The new securities are to be issued by way of a placement or similar structure, with a proposed issue date of 23 April 2026, indicating a substantial expansion of the company’s share base and potential dilution for existing shareholders.
The placement, once completed and quoted, will significantly increase the company’s equity capital and could provide resources for future activities or balance sheet support, though specific uses of funds are not disclosed. The scale of the proposed issuance may affect Ovanti’s market capitalisation, trading liquidity, and ownership structure, and will be closely watched by investors assessing valuation and dilution risk.
More about IOUpay Limited
Ovanti Limited, listed on the ASX under the code OVT, is an Australian-incorporated company. The filing does not specify its industry, core products or services, or target markets, providing only corporate and capital markets information about the issuer.
Average Trading Volume: 3,603,934
Technical Sentiment Signal: Sell
Current Market Cap: A$4.29M
See more data about OVT stock on TipRanks’ Stock Analysis page.