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IOUpay Limited ( (AU:OVT) ) has provided an update.
Ovanti Limited has raised A$1 million through a placement of 582.75 million new fully paid ordinary shares at A$0.001716 per share, issued under prior shareholder approval, and has also issued 60 million unlisted options under its existing placement capacity. By lodging a cleansing notice under section 708A of the Corporations Act, the company has confirmed regulatory compliance and ensured the new placement shares can be traded immediately, strengthening its capital position while maintaining market liquidity for investors.
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 is a fintech and digital commerce software provider whose core platform enables institutional clients to securely authenticate end-users and process banking, purchase and payment transactions via mobile devices. Its business divisions in Mobile Banking and Digital Payments serve leading banks in Malaysia as well as major telecommunications companies and corporates in Malaysia and Indonesia, while it also partners with telco network providers to deliver over‑the‑top mobile services. The company is expanding into the US market with buy now, pay later services, leveraging its established technology and experience with large banking clients to support its international growth ambitions.
Technical Sentiment Signal: Sell
Current Market Cap: A$21.85M
See more insights into OVT stock on TipRanks’ Stock Analysis page.