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Ovanti Limited (ASX: OVT) Appoints EAS Advisors for USA Expansion & Board Changes

Written by Barclay Pearce Capital | Nov 26, 2024 12:19:36 AM

BPC is pleased to share the latest ASX announcements from Ovanti Limited (ASX: OVT): 

EAS Advisors Appointed for USA Expansion

Ovanti Limited (ASX:OVT) has appointed EAS Advisors as their US capital market advisory firm to accelerate growth plans in the US BNPL market, including exploring a suitable US exchange for a dual listing of OVT’s securities (ideally the NASDAQ). The appointment will take effect from 26 November 2024.
 
Commenting on the appointment, CEO Simon Keast said:

“We welcome Edward and EAS as our key capital markets advisors in the US. EAS's deep capital market advisory capability will accelerate our speed to market in establishing our BNPL business in the US. Edward and the team’s market-leading insights, access to equity and debt capital markets, and strategic planning support, including deal structuring and M&A, will create new opportunities for OVT growth in the US market.

We note the path that Sezzle, having previously being ASX listed has taken to realise maximum value for shareholders by moving their listing to the NASDAQ. As part of EAS’ engagement, the scope of which is wide ranging, they will consider the appropriateness of Ovanti at the appropriate time either seeking to dual-list or follow the trajectory of Sezzle.”

Read the full Ovanti Limited Appointed EAS Advisors for USA Expansion Announcement here.

 

Board Changes

Ovanti Limited (ASX: OVT) (Company) advises that Mr David Halliday has resigned from his position as chairman and director of the Company with immediate effect.
 
The Company wishes to advise that existing Executive Director, Mr Daler Fayziev has been appointed as the Company’s Executive Chairman to replace Mr Halliday. The Board wishes to thank Mr Halliday for his dedication and commitment over his tenure as a chairman and director, and wishes him well in his future endeavours. 

Read the full Ovanti Limited Company Update here.

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