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IOUpay Limited ( (AU:OVT) ) has shared an update.
Ovanti Limited has raised A$2.5 million through the issue of 1 billion new fully paid ordinary shares at A$0.0025 per share under a shareholder-approved placement. The company has lodged a cleansing notice confirming the shares were issued without a prospectus but meet Corporations Act requirements, allowing the new securities to be traded immediately, which strengthens Ovanti’s capital position and liquidity as it pursues growth in fintech and digital commerce markets.
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 whose platforms enable institutional customers to securely authenticate end users and process banking, purchase and payment transactions via mobile devices. Its core mobile banking and digital payments offerings serve leading banks, telecoms and corporates in Malaysia and Indonesia, and the company also partners with telcos to deliver over‑the‑top mobile services while expanding its buy now, pay later operations into the United States.
Technical Sentiment Signal: Sell
Current Market Cap: A$16.55M
For an in-depth examination of OVT stock, go to TipRanks’ Overview page.