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IOUpay Limited ( (AU:OVT) ) just unveiled an update.
Ovanti Limited has completed a capital raising via the issue of 200 million new fully paid ordinary shares at $0.0025 each, securing $500,000 in gross proceeds, with shareholder approval having been obtained at its November 2025 annual general meeting. The company also issued 120 million unlisted options under its ASX Listing Rule 7.1 placement capacity and has confirmed that, under the Corporations Act cleansing provisions, the new shares can be traded immediately, providing additional liquidity and funding flexibility as Ovanti pursues its fintech and BNPL growth strategies in existing Asian markets and its expansion into the United States.
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 is a fintech and digital commerce software provider that enables institutional customers, including leading banks in Malaysia and major telecommunications and corporate clients in Malaysia and Indonesia, to securely authenticate end users and process banking, purchase and payment transactions. Its core mobile technology platform supports mobile banking, digital payments and over-the-top (OTT) services leveraging telco subscriber bases, and the company is also expanding its buy now, pay later (BNPL) services into the United States market, seeking to capitalise on its experience serving large banking clients.
Technical Sentiment Signal: Sell
Current Market Cap: A$19.55M
See more data about OVT stock on TipRanks’ Stock Analysis page.