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Way2VAT issues 37.1m new shares under cleansing notice

Story Highlights
  • Way2VAT issued 37.1 million fully paid ordinary shares without a prospectus, using Australian cleansing notice provisions.
  • The company confirmed full compliance with reporting and disclosure rules and said it has no undisclosed material information.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Way2VAT issues 37.1m new shares under cleansing notice

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The latest announcement is out from WAY 2 VAT LTD ( (AU:W2V) ).

Way2VAT Limited has issued 37,142,858 fully paid ordinary shares without a disclosure document under the Australian Corporations Act, relying on the cleansing notice provisions. The company affirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is no excluded information that must be revealed to the market, signalling regulatory compliance around the new share issuance.

The most recent analyst rating on (AU:W2V) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on WAY 2 VAT LTD stock, see the AU:W2V Stock Forecast page.

More about WAY 2 VAT LTD

Way2VAT Limited is a global fintech company specialising in automated VAT and GST claim and return solutions for enterprise clients. Founded in 2016 and headquartered in Tel Aviv, it operates a patented AI-driven, end-to-end VAT reclaim platform used by more than 500 large companies across over 40 countries and 20 languages, with additional offices in the U.K., Spain and Romania.

Average Trading Volume: 440,403

Technical Sentiment Signal: Sell

Current Market Cap: A$17.79M

For an in-depth examination of W2V stock, go to TipRanks’ Overview page.

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