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Ovanti Limited (ASX:OVT)

ALERT: Price-sensitive ASX Announcement for OVT
Current share price for OVT : $0.007 0.002 (27.27%)+
Announcement
Release
31 Oct 2025 2:51PM
Price at Release
$0.006
Full Release
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Summary
Ovanti Limited, listed on ASX as OVT, reported its quarterly activities and cash flow for the period ended 30 September 2025. The company is focusing on expanding its Buy Now, Pay Later (BNPL) services into the U.S. market, highlighted by a strategic partnership with Shift4 Payments to distribute BNPL services to over 100,000 merchants. The financial summary shows a cash and cash equivalent balance of AUD 1.70 million with a net operating cash outflow of AUD 3.792 million for the quarter. To support its growth strategy, Ovanti completed a share placement raising up to AUD 8 million. Additionally, Ovanti has appointed new senior executives to drive its U.S. expansion, including a new CEO for its U.S. operations. The report also detailed payments to related parties and discussed steps to ensure ongoing operations despite a limited estimated funding period of 0.45 quarters.
Key Points
  • Ovanti Limited's quarterly report for the period ended 30 September 2025.
  • Strategic partnership with Shift4 Payments for U.S. BNPL market expansion.
  • Cash and cash equivalents stood at AUD 1.70 million.
  • Net operating cash outflow recorded at AUD 3.792 million.
  • Successful share placement raised up to AUD 8 million.
  • New CEO appointed for U.S. operations and other senior hires.
  • Estimated funding available for 0.45 quarters.
  • Payments to related parties amounted to AUD 274,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.